Latest news with #Dai-ichiLifeHoldingsInc
Yahoo
07-03-2025
- Business
- Yahoo
Dai-ichi Life to Cede $9.7 Billion Insurance Blocks to US Firm
(Bloomberg) -- Dai-ichi Life Holdings Inc. said a US subsidiary agreed to transfer insurance blocks totaling about $9.7 billion in policy reserves to a reinsurance firm to improve earnings. Trump Administration Plans to Eliminate Dozens of Housing Offices Republican Mayor Braces for Tariffs: 'We Didn't Budget for This' NJ College to Merge With State School After Financial Stress How Upzoning in Cambridge Broke the YIMBY Mold NYC's Finances Are Sinking With Gauge Falling to 11-Year Low Protective Life Corp., a wholly owned Dai-ichi Life unit based in Birmingham, Alabama, has decided to cede the blocks to reinsurance firm Resolution Life Group Holdings Ltd., Dai-ichi said in a statement. The group expects an improvement in its adjusted profit of around $30–40 million over the medium to long term as a result of the transaction, the Tokyo-based insurer said. Reinsurance companies affiliated with investment firms such as KKR & Co. in the US are increasing the number of contracts they are underwriting to put more of their funds in higher-returning assets in Japan. New capital regulations for insurers in Japan are scheduled to start in the fiscal year beginning April, and companies in the sector are trying to lighten their financial burden by carving out some of their contracts. At the same time, Japan's life insurers are renewing their drive for acquisitions at home and abroad after a lull following a string of multi-billion-dollar deals a decade ago. Resolution Life is slated to be brought under the umbrella of Nippon Life Insurance Co. by the second half of 2025. In the deal with Resolution Life, assets related to the contract will remain with Protective Life, but income and expenses including investment gains and losses will be transferred to the reinsurance firm. Snack Makers Are Removing Fake Colors From Processed Foods An All-American Finance Empire Drew Billions—and a Regulator's Attention The Mysterious Billionaire Behind the World's Most Popular Vapes Rich People Are Firing a Cash Cannon at the US Economy—But at What Cost? Greenland Voters Weigh Their Election's Most Important Issue: Trump ©2025 Bloomberg L.P.
Bloomberg
07-03-2025
- Business
- Bloomberg
Dai-ichi Life to Cede $9.7 Billion Insurance Blocks to US Firm
Dai-ichi Life Holdings Inc. said a US subsidiary agreed to transfer insurance blocks totaling about $9.7 billion in policy reserves to a reinsurance firm to improve earnings. Protective Life Corp., a wholly owned Dai-ichi Life unit based in Birmingham, Alabama, has decided to cede the blocks to reinsurance firm Resolution Life Group Holdings Ltd., Dai-ichi said in a statement. The group expects an improvement in its adjusted profit of around $30–40 million over the medium to long term as a result of the transaction, the Tokyo-based insurer said.
Yahoo
17-02-2025
- Business
- Yahoo
Dai-ichi Life Holdings Inc (DLICY) Q3 2025 Earnings Call Highlights: Surpassing Profit ...
Release Date: February 14, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Dai-ichi Life Holdings Inc (DLICY) reported an adjusted profit of JPY359.6 billion for the third quarter, exceeding the full-year forecast of JPY340 billion. The domestic business at Dailife saw profits exceed forecasts due to improved yields on bonds and risk assets, as well as faster-than-expected domestic equity sales. The international business, including Protective and Tau, produced stable profits in line with plans, contributing to the group's overall profit exceeding forecasts. The company raised its full-year profit forecast to JPY450 billion from JPY340 billion, a 20% increase, and increased the dividend per share (DPS) for March 2025 to JPY133 from JPY122. Sales of new business products have been recovering well, with initiatives in place to further improve sales activities, particularly in small and medium-sized entities. The international business achievement ratio was 78%, with some losses incurred due to a review of insurance assumptions and unlocking. The extraordinary loss from the second carrier support system amounted to JPY29 billion. Eligible capital declined due to shareholder returns and increased required capital from higher interest rates, leading to a lower ESR of 213%. The sale of equity in some areas was less than expected, although offset by increases elsewhere. The impact of mass lapse risks due to higher interest rates remains a concern, with ongoing analysis required. High Yield Dividend Stocks in Gurus' Portfolio This Powerful Chart Made Peter Lynch 29% A Year For 13 Years How to calculate the intrinsic value of a stock? Q: Can you elaborate on the reasons behind the adjusted profit exceeding the full-year forecast? A: The adjusted profit for the third quarter was JPY359.6 billion, surpassing the full-year forecast of JPY340 billion. This was due to improved yields on EM bonds and risk assets, faster and larger domestic equity sales, and gains from redemption due to JPY depreciation. (Unidentified_1) Q: How did the international business perform, particularly Protective and TAL? A: The international business, including Protective and TAL, produced stable profits in line with the plan. Protective focused on selling saving products, and TAL's sales exceeded the budget. Despite some challenges, the overall performance was stable. (Unidentified_1) Q: What is the outlook for the full-year forecast and dividend per share (DPS)? A: The full-year forecast has been revised upward to JPY450 billion from JPY340 billion, a 20% increase. Consequently, the DPS for March 2025 is raised to JPY133 from the original forecast of JPY122. (Unidentified_1) Q: Could you provide more details on the secondary career special support scheme? A: The application period for the secondary career special support scheme ended with 1,830 applicants, exceeding the target. The extraordinary loss from the scheme is around JPY29 billion. (Unidentified_1) Q: What are the expectations for the new business value (VNB) for the domestic entities? A: For the three domestic entities, the VNB is expected to be JPY100 billion, driven by DH Life's recovery in product sales. Although sales for Dai Frontier and First were below expectations, they were offset by increased sales at D Life. (Unidentified_1) For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
