6-K 1 feb0905_6k.txt SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 Dated February 10, 2005 Commission File Number: 0-31376 MILLEA HOLDINGS, INC. (Translation of Registrant's name into English) Otemachi First Square, 1-5-1 Otemachi, Chiyoda-ku Tokyo 100-0004, Japan (Address of principal executive offices) Indicate by check mark whether the Registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F [X] Form 40-F [ ] Indicate by check mark whether the Registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. Yes [ ] No [X] Table of Documents Submitted Item 1. Summary of consolidated business results of Millea Holdings, Inc. under Japanese GAAP for the nine months ended December 31, 2004, dated February 10, 2005. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. KABUSHIKI KAISHA MILLEA HOLDINGS (Millea Holdings, Inc.) February 10, 2005 By: /s/ TETSUYA UNNO ---------------------------------- General Manager of Corporate Legal and Risk Management Department Item 1 (English translation) Summary of consolidated business results of Millea Holdings, Inc. under Japanese GAAP for the nine months ended December 31, 2004 February 10, 2005 Company Name: Millea Holdings, Inc. Securities Code Number: 8766 Stock Exchange Listings: Tokyo and Osaka Representative: Kunio Ishihara, President, Millea Holdings, Inc. Contact: Mitsuru Muraki, Corporate Planning Dept., Millea Holdings, Inc. Phone: 03-6212-3341 Satoshi Tsujigado, Business Management Dept., Millea Holdings, Inc. Phone: 03-6212-3344 1. Matters regarding the presentation of quarterly results Difference in accounting method for recognizing net premiums written: Applicable The recognition policy for net premiums written employed for quarterly figures, such as the inclusion of premiums for insurance contracts which have not started as of December 31, 2004, is different from the recognition policy employed for annual and semi-annual reports. 2. Summary of business results for the nine months ended December 31, 2004 (From April 1, 2004 through December 31, 2004) Amounts are truncated and percentages are rounded to the nearest one-tenth of one percent. (1) Operating income ------------------------------------------------------- Yen in millions % ------------------------------------------------------- For the nine months ended December 31, 2004 1,444,103 0.0 ------------------------------------------------------- For the nine months ended December 31, 2003 1,443,986 - ------------------------------------------------------- (Reference) For the year ended March 31, 2004 1,943,609 2.5 ------------------------------------------------------- (Note) Percentages show increase or decrease from the same period of the previous year. (Supplementary information regarding operating income) Increase from the same period of the year ended December 31, 2003 is 0.0% excluding the effect on abolition of the government reinsurance for Compulsory Automobile Liability Insurance(CALI). (2) Matters that had a significant effect on financial conditions and results of operations for the nine months ended December 31, 2004 None. 3. Forecast of business results for the year ending March 31, 2005 (From April 1, 2004 through March 31, 2005) No changes. [Consolidated results] Premiums written and claims paid by lines of insurance Direct premiums written (including funds for deposit-type insurance) (Yen in millions, %) ------------------------------------------------------------------------------------------------------------------------------------ Nine months ended Nine months ended December 31, 2004 December 31, 2003 (From April 1, 2004 to (From April 1,2003 to (Reference) Year ended March 31, 2004 December 31, 2004) December 31, 2003) (From April 1, 2003 to March 31, 2004) ----------------------------------------------------------------------------------------------------------------- Increase/ Increase/ Premiums decrease Composition Premiums Composition Premiums decrease Composition ------------------------------------------------------------------------------------------------------------------------------------ Fire 248,276 -2.9 15.1 255,616 15.2 351,380 -1.2 15.8 Marine 57,942 6.2 3.5 54,534 3.2 74,775 6.6 3.4 Personal accident 258,724 -5.7 15.7 274,324 16.3 349,027 -1.4 15.7 Automobile 659,136 -2.4 40.0 675,128 40.2 888,847 -2.5 40.0 Compulsory automobile liability 239,578 -2.4 14.5 245,353 14.6 311,124 0.8 14.0 (CALI) Others 183,552 4.1 11.1 176,273 10.5 248,021 -0.0 11.2 ------------------------------------------------------------------------------------------------------------------------------------ Total 1,647,211 -2.0 100.0 1,681,230 100.0 2,223,175 -1.1 100.0 Fund for deposit- type insurance 175,743 -11.5 10.7 198,510 11.8 254,200 -6.5 11.4 ------------------------------------------------------------------------------------------------------------------------------------
Net premiums written (Yen in millions, %) ------------------------------------------------------------------------------------------------------------------------------------ Nine months ended Nine months ended December 31, 2004 December 31, 2003 (From April 1, 2004 to (From April 1,2003 to (Reference) Year ended March 31, 2004 December 31, 2004) December 31, 2003) (From April 1, 2003 to March 31,2004) ----------------------------------------------------------------------------------------------------------------- Increase/ Increase/ Premiums decrease Composition Premiums Composition Premiums decrease Composition ------------------------------------------------------------------------------------------------------------------------------------ Fire 189,015 0.4 13.1 188,288 13.0 269,720 4.4 13.9 Marine 53,775 9.6 3.7 49,052 3.4 68,293 6.4 3.5 Personal accident 17,854 -0.9 8.2 118,939 8.2 152,030 -1.9 7.8 Automobile 653,734 -2.0 45.3 667,004 46.2 878,249 -2.1 45.2 CALI 250,756 -0.7 17.4 252,417 17.5 333,641 18.8 17.2 Others 178,965 6.3 12.4 168,283 11.7 241,674 0.3 12.4 ------------------------------------------------------------------------------------------------------------------------------------ Total 1,444,103 0.0 100.0 1,443,986 100.0 1,943,609 2.5 100.0 .................................................................................................................................... * 1,328,543 0.0 1,328,103 1,788,535 0.2 ------------------------------------------------------------------------------------------------------------------------------------ *Excluding the effect of the abolition of government reinsurance for compulsory automobile liability insurance (CALI).
Net claims paid (Yen in millions, %) ------------------------------------------------------------------------------------------------------------------------------------ Nine months ended Nine months ended December 31, 2004 December 31, 2003 (From April 1, 2004 to (From April 1,2003 to (Reference) Year ended March 31, 2004 December 31, 2004) December 31, 2003) (From April 1, 2003 to March 31,2004) ----------------------------------------------------------------------------------------------------------------- Increase/ Increase/ Premiums decrease Composition Premiums Composition Premiums decrease Composition ------------------------------------------------------------------------------------------------------------------------------------ Fire 143,843 132.6 17.1 61,847 8.7 82,286 -13.7 8.6 Marine 23,441 -23.8 2.8 30,775 4.3 39,412 20.6 4.1 Personal accident 46,709 -9.1 5.6 51,373 7.2 65,897 -4.0 6.9 Automobile 395,211 5.6 47.1 374,356 52.8 505,666 -0.2 52.8 CALI 130,283 31.6 15.5 99,004 14.0 137,382 36.7 14.4 Others 99,722 8.5 11.9 91,914 13.0 126,306 2.4 13.2 ----------------------------------------------------------------------------------------------------------------------------------- Total 839,212 18.3 100.0 709,272 100.0 956,952 3.2 100.0 ................................................................................................................................... * 781,211 13.6 687,756 921,820 -0.4 ----------------------------------------------------------------------------------------------------------------------------------- *Excluding the effect of the abolition of government reinsurance for compulsory automobile liability insurance (CALI). (Note 1) Numbers are after elimination of inter-segment transactions. (Note 2) The recognition policy for direct premiums written (excluding funds for deposit-type insurance) and net premiums written employed for quarterly figures, such as the inclusion of premiums for insurance contracts which have not started as of December 31, 2004, is different from the recognition policy employed for annual and semi-annual reports.
[Consolidated results] Securities (Yen in millions) ------------------------------------------------------------------------------------------------------------------------------------ As of December 31, 2004 As of December 31, 2003 (Reference) As of March 31, 2004 ------------------------------------------------------------------------------------------------------------------------- Market Market Market Acquisition cost value Difference Acquisition cost value Difference Acquisition cost value Difference ------------------------------------------------------------------------------------------------------------------------------------ Bonds 2,661,866 2,653,513 -8,352 2,475,750 2,485,882 10,131 2,660,274 2,669,106 8,831 ------------------------------------------------------------------------------------------------------------------------------------ Stocks 1,236,389 2,931,937 1,695,548 1,328,878 2,711,577 1,382,698 1,294,248 2,985,564 1,691,315 ------------------------------------------------------------------------------------------------------------------------------------ Foreign securities 537,501 534,615 -2,886 521,213 515,329 -5,884 481,927 481,904 -22 ------------------------------------------------------------------------------------------------------------------------------------ Others 213,997 225,454 11,457 141,043 147,234 6,191 146,370 155,108 8,738 ------------------------------------------------------------------------------------------------------------------------------------ Total 4,649,754 6,345,521 1,695,767 4,466,886 5,860,023 1,393,137 4,582,821 6,291,684 1,708,862 ------------------------------------------------------------------------------------------------------------------------------------ (Note 1) The table above shows securities with a market value other than (a) trading securities and (b) debt securities held to maturity with a market value. (Note 2) Acquisition costs as of December 31, 2004 are not amortized and impairment losses are not recognized. Acquisition costs as of March 31, 2004 are amortized and impairment losses have been recognized. (Note 3) Market values are based on various considerations including quoted prices at the end of the month. (Note 4) The table above includes foreign mortgage securities as well as securities on the balance sheet.
[Consolidated results] Derivative financial instruments (Yen in millions) ------------------------------------------------------------------------------------------------------------------------------------ As of December 31, 2004 As of December 31, 2003 (Reference) As of March 31, 2004 ---------------------------------------------------------------------------------------------------------------- Contract Market Unrealized Contract Market Unrealized Contract Market Unrealized amount value gain or loss amount value gain or loss amount value gain or loss ------------------------------------------------------------------------------------------------------------------------------------ Foreign currency- related instruments Foreign exchange forwards Short 190,614 1,387 1,387 123,678 1,388 1,388 119,466 1,952 1,952 Long 38,038 528 528 22,217 -400 -400 16,420 -25 -25 Currency options Short 5,489 31,054 - 42 25 16 86 95 -9 - - - Long 5,095 12,866 331 36 25 -11 80 113 32 19 2 -17 Currency swaps 800,711 -1,259 -1,259 728,926 -1,383 -1,383 693,348 -5,375 -5,375 ------------------------------------------------------------------------------------------------------------------------------------ Interest rate-related instruments Interest forward Short 15,735 - - 2,997 -7 -7 1,291 -11 -11 Long 50,227 - - 2,518 8 8 1,285 14 14 Interest forward options Short - 186,191 - - - - 76 14 62 - - - Long 54,980 197,507 - 10 9 -0 115 45 -70 - - - Interest options Short 79,688 69,106 76,501 417 427 -10 396 573 -176 458 542 -83 Long 47,243 45,130 44,069 484 346 -137 378 604 225 453 530 77 Interest rate swap 8,690,835 61,872 61,872 7,656,145 87,631 87,631 7,476,262 79,879 79,879 ------------------------------------------------------------------------------------------------------------------------------------ Equity-related instruments Equity index futures Short 26,493 -912 -912 17,652 -842 -842 26,458 -1,041 -1,041 Long 8,953 123 123 8,249 262 262 1,531 15 15 Equity index options Short 52,882 6,357 12,896 651 647 4 156 143 13 287 144 143 Long 69,625 6,943 12,994 890 1,128 238 309 400 91 285 154 -131 Equity options Short 2,116 4,269 1,345 100 248 -147 139 108 30 79 108 -29 Long 2,288 4,440 1,517 78 282 203 109 142 32 75 142 66 ------------------------------------------------------------------------------------------------------------------------------------ Bond-related instruments Bond futures Short 52,049 -68 -68 34,183 -149 -149 21,529 5 5 Long 24,328 39 39 30,491 83 83 12,167 83 83 Bond futures options Short 39,946 10,916 - 74 62 11 52 10 42 - - - Long 15,890 11,195 - 39 32 -7 115 42 -73 - - - Over-the-counter bond options Short 202,252 2,503 - 118 18 100 5 3 1 - - - Long 98,865 2,003 - 499 481 -17 4 3 -1 - - - ------------------------------------------------------------------------------------------------------------------------------------ Weather-related instruments Weather derivatives Short 1,932 1,672 3,627 100 -135 235 38 399 -360 95 53 41 ------------------------------------------------------------------------------------------------------------------------------------ Credit-related instruments Credit derivatives Short 1,960,128 2,654 2,654 2,054,259 -2,030 -2,030 1,981,668 -167 -167 Long 395,394 -6,033 -6,033 406,313 -6,191 -6,191 400,337 -6,221 -6,221 ------------------------------------------------------------------------------------------------------------------------------------ Commodity Commodity swap 74,693 486 486 43,983 425 425 53,404 437 437 ------------------------------------------------------------------------------------------------------------------------------------ Others Inflation indexed bonds 13,400 - - 1,109 1,046 -63 - - - - - - ------------------------------------------------------------------------------------------------------------------------------------ Total 13,019,902 63,463 59,230 11,723,774 81,493 78,634 10,958,457 71,225 69,614 ------------------------------------------------------------------------------------------------------------------------------------ (Note 1) Option premiums are shown beneath the contract amounts for currency options, interest forward options, interest options, equity index options, equity options, bond futures options, over-the-counter bond options and weather derivatives and acqusition cost is shown beneath the contract amounts for inflation indexed bonds. (Note 2) The synthetic option is classified into transactions such as short or long by receiving or paying option premium at the time of the contract. (Note 3) Forward transactions translated at contracted rate, the relating forward contracts of which qualify for hedge accounting, are not included.
[Reference] Non-consolidated results of Tokio Marine & Nichido Fire Direct premiums written (including funds for deposit-type insurance) (Yen in millions, %) ------------------------------------------------------------------------------------------------------------------------------------ Nine months ended Nine months ended December 31, 2004 December 31, 2003 (From April 1, 2004 to (From April 1,2003 to (Reference) Year ended March 31, 2004 December 31, 2004) December 31, 2003) (From April 1, 2003 to March 31,2004) --------------------------------------------------------------------------------------------------------------- Increase/ Increase/ Increase/ Premiums decrease Composition Premiums decrease Composition Premiums decrease Composition ------------------------------------------------------------------------------------------------------------------------------------ Fire 242,631 -3.4 15.0 251,170 -2.6 15.1 345,022 -1.6 15.7 Marine 50,270 3.0 3.1 48,791 5.3 2.9 66,776 4.0 3.0 Personal accident 258,172 -5.7 15.9 273,715 -0.4 16.5 348,279 -1.4 15.9 Automobile 654,699 -2.5 40.4 671,591 -2.6 40.4 884,068 -2.7 40.3 Compulsory automobile liability 239,578 -2.4 14.8 245,353 0.3 14.8 311,124 0.8 14.2 (CALI) Others 174,495 2.6 10.8 170,082 -2.5 10.2 239,114 -0.0 10.9 ------------------------------------------------------------------------------------------------------------------------------------ Total 1,619,848 -2.5 100.0 1,660,705 -1.6 100.0 2,194,386 -1.4 100.0 --------------------------------------------------------------------------------------------------------------- Fund for deposit type insurance 175,743 -11.5 10.8 198,510 -4.4 12.0 254,200 -6.5 11.6 ------------------------------------------------------------------------------------------------------------------------------------
Net premiums written (Yen in millions, %) ------------------------------------------------------------------------------------------------------------------------------------ Nine months ended Nine months ended December 31, 2004 December 31, 2003 (From April 1, 2004 to (From April 1,2003 to (Reference) Year ended March 31, 2004 December 31, 2004) December 31, 2003) (From April 1, 2003 to March 31,2004) --------------------------------------------------------------------------------------------------------------- Increase/ Increase/ Increase/ Premiums decrease Composition Premiums decrease Composition Premiums decrease Composition ------------------------------------------------------------------------------------------------------------------------------------ Fire 174,933 -1.7 12.4 177,977 0.4 12.5 252,825 3.3 13.3 Marine 47,414 9.8 3.4 43,176 3.6 3.0 60,780 3.0 3.2 Personal accident 116,853 -0.5 8.3 117,481 -1.0 8.3 151,062 -1.4 7.9 Automobile 648,355 -2.1 45.9 662,508 -2.3 46.7 871,760 -2.4 45.8 CALI 250,756 -0.7 17.8 252,417 26.0 17.8 333,641 18.8 17.5 Others 172,896 5.0 12.3 164,719 -3.4 11.6 234,154 -0.3 12.3 ------------------------------------------------------------------------------------------------------------------------------------ Total 1,411,210 -0.5 100.0 1,418,280 2.3 100.0 1,904,225 2.0 100.0 .................................................................................................................................... * 1,295,650 -0.5 1,302,397 -0.9 1,749,150 -0.3 ------------------------------------------------------------------------------------------------------------------------------------ *Excluding the effect of the abolition of government reinsurance for compulsory automobile liability insurance (CALI).
Net claims paid (Yen in millions, %) ------------------------------------------------------------------------------------------------------------------------------------ Nine months ended Nine months ended December 31, 2004 December 31, 2003 (From April 1, 2004 to (From April 1,2003 to (Reference) Year ended March 31, 2004 December 31, 2004) December 31, 2003) (From April 1, 2003 to March 31,2004) --------------------------------------------------------------------------------------------------------------- Increase/ Increase/ Increase/ Premiums decrease Composition Premiums decrease Composition Premiums decrease Composition ------------------------------------------------------------------------------------------------------------------------------------ Fire 142,076 138.4 17.2 59,592 -6.2 8.5 78,529 -9.1 8.3 Marine 21,327 -24.5 2.6 28,243 38.7 4.0 36,471 19.0 3.9 Personal accident 46,143 -9.0 5.6 50,707 -4.3 7.2 65,228 -3.9 6.9 Automobile 391,764 5.5 47.4 371,388 -1.0 53.1 501,772 -0.5 53.2 CALI 130,283 31.6 15.8 99,004 32.5 14.2 137,382 36.7 14.6 Others 94,905 4.8 11.5 90,520 6.2 12.9 124,256 4.1 13.2 ------------------------------------------------------------------------------------------------------------------------------------ Total 826,501 18.2 100.0 699,457 4.1 100.0 943,639 3.8 100.0 .................................................................................................................................... * 768,500 13.4 677,941 0.9 908,507 0.1 ------------------------------------------------------------------------------------------------------------------------------------ *Excluding the effect of the abolition of government reinsurance for compulsory automobile liability insurance (CALI). (Note 1) The figures as of/for the nine months ended December 31, 2003 and the year ended March 31, 2004 are the total amount and related indices of Tokio Marine and Nichido Fire, and the figures as of/for the nine months ended December 31, 2004 are the total amount and related indices of Tokio Marine & Nichido as of/for the nine months ended December 31, 2004 and Nichido Fire as of/for the six months ended September 30, 2004. (Note 2) The figures as of/for the nine months ended December 31, 2004 include net claims paid regarding natural disasters in the amount of 109,800 million yen, of which 88,700 million yen relates to Fire insurance.
[Reference] Tokio Marine & Nichido Life Policies in force (Yen in millions except number of policies, %) ------------------------------------------------------------------------------------------------------------------------------------ As of/for the nine months ended As of/for the nine months ended (Reference) As of/for the year December 31, 2004 December 31, 2003 ended March 31, 2004 ------------------ (From April 1, 2003 to Increase/ decrease March 31, 2004) ------------------------------------------------------------------------------------------------------------------------------------ Numbers of policies ----------------------------- Individual insurance ----------------------------------------------------------------------------------------------------------------------------- First sector 965,126 7.8 894,930 920,945 ----------------------------------------------------------------------------------------------------------------------- Third sector 543,872 26.7 429,120 473,641 ----------------------------------------------------------------------------------------------------------------------- Total 1,508,998 14.0 1,324,050 1,394,586 ----------------------------------------------------------------------------------------------------------------------------- Individual annuities 195,751 34.4 145,654 152,372 ----------------------------------------------------------------------------------------------------------------------------- Total 1,704,749 16.0 1,469,704 1,546,958 ------------------------------------------------------------------------------------------------------------------------------------ Policies in force ------------------------------------------------------------------------------------------------------------------------------------ Individual insurance 10,300,270 10.6 9,314,317 9,672,304 ----------------------------------------------------------------------------------------------------------------------------- Individual annuities 776,664 33.9 580,186 604,939 ----------------------------------------------------------------------------------------------------------------------------- Group insurance 3,308,253 0.6 3,289,635 3,311,461 ----------------------------------------------------------------------------------------------------------------------------- Group annuities 13,176 -4.9 13,858 13,851 ------------------------------------------------------------------------------------------------------------------------------------ Annualized premiums for policies in force 248,400 224,081 ------------------------------------------------------------------------------------------------------------------------------------
New policies (Yen in millions except number of policies, %) ------------------------------------------------------------------------------------------------------------------------------------ As of/for the nine months ended As of/for the nine months ended (Reference) As of/for the year December 31, 2004 December 31, 2003 ended March 31, 2004 ------------------ (From April 1, 2003 to Increase/ decrease March 31, 2004) ------------------------------------------------------------------------------------------------------------------------------------ Numbers of policies ----------------------------- Individual insurance ----------------------------------------------------------------------------------------------------------------------- First sector 91,312 -1.1 92,343 134,416 ----------------------------------------------------------------------------------------------------------------------- Third sector 98,247 -3.3 101,578 153,358 ----------------------------------------------------------------------------------------------------------------------- Total 189,559 -2.2 193,921 287,774 ----------------------------------------------------------------------------------------------------------------------------- Individual annuities 47,476 -15.1 55,918 63,971 ----------------------------------------------------------------------------------------------------------------------------- Total 237,035 -5.1 249,839 351,745 ------------------------------------------------------------------------------------------------------------------------------------ Policies in force ------------------------------------------------------------------------------------------------------------------------------------ Individual insurance 1,221,019 1.9 1,197,750 1,752,062 ----------------------------------------------------------------------------------------------------------------------------- Individual annuities 187,436 -2.8 192,772 223,029 ----------------------------------------------------------------------------------------------------------------------------- Group insurance 28,304 -80.0 141,448 177,671 ----------------------------------------------------------------------------------------------------------------------------- Group annuities - - - - ------------------------------------------------------------------------------------------------------------------------------------ Annualized premiums for new policies 36,693 9.5 33,515 46,812 ------------------------------------------------------------------------------------------------------------------------------------
(Yen in millions, %) ------------------------------------------------------------------------------------------------------------------------------------ For the nine months ended For the nine months ended (Reference) For the year December 31, 2004 December 31, 2003 ended March 31, 2004 ------------------ (From April 1, 2003 to Increase/ decrease March 31, 2004) ------------------------------------------------------------------------------------------------------------------------------------ Premiums written 308,688 21.7 253,669 358,140 ------------------------------------------------------------------------------------------------------------------------------------ Claims paid 59,015 6.7 55,312 75,349 ------------------------------------------------------------------------------------------------------------------------------------ (Note 1) Annualized premiums are the premiums divided by the duration of insurance policies to show the amount of premiums per year. (Note 2) Since third sector products are without death coverage, they are not included in policies in force. (Note 3) The figures, including new policies, premiums written, and claims paid, as of/for the year ended March 31, 2004 are the total of Tokio Marine & Nichido Life as of/for the year ended March 31, 2004 and Nichido Life as of/for the six months ended September 30, 2003. The figures, including new policies, premiums written, and claims paid, as of/for the nine months ended December 31, 2003 are the total of Tokio Marine & Nichido Life as of/for the nine months ended December 31, 2003 and Nichido Life as of/for the six months ended September 30, 2003. (Note 4) Annualized premiums for policies in force for the nine months ended December 31, 2003 are not calculated.
[Reference] Tokio Marine & Nichido Financial Life Policies in force (Yen in millions except number of policies, %) ------------------------------------------------------------------------------------------------------------------------------------ As of/for the nine months ended As of/for the nine months ended (Reference) As of/for the year December 31, 2004 December 31, 2003 ended March 31, 2004 ------------------ (From April 1, 2003 to Increase/ decrease March 31, 2004) ------------------------------------------------------------------------------------------------------------------------------------ Numbers of policies --------------------------- Individual insurance ------------------------------------------------------------------------------------------------------------------------------ First sector 42,996 16.8 36,812 38,167 ------------------------------------------------------------------------------------------------------------------------ Third sector - - - - ------------------------------------------------------------------------------------------------------------------------ Total 42,996 16.8 36,812 38,167 ------------------------------------------------------------------------------------------------------------------------------ Individual annuities 22,583 7.4 21,022 21,069 ------------------------------------------------------------------------------------------------------------------------------ Total 65,579 13.4 57,834 59,236 ----------------------------------------------------------------------------------------------------------------------------------- Policies in force ----------------------------------------------------------------------------------------------------------------------------------- Individual insurance 351,230 13.2 310,286 320,346 ------------------------------------------------------------------------------------------------------------------------------ Individual annuities 155,777 16.9 133,298 143,252 ------------------------------------------------------------------------------------------------------------------------------ Group insurance - - - - ------------------------------------------------------------------------------------------------------------------------------ Group annuities - - - - ----------------------------------------------------------------------------------------------------------------------------------- Annualized premiums for policies in force 17,442 12.0 15,567 15,770 -----------------------------------------------------------------------------------------------------------------------------------
New policies (Yen in millions except number of policies, %) ------------------------------------------------------------------------------------------------------------------------------------ As of/for the nine months ended As of/for the nine months ended (Reference) As of/for the year December 31, 2004 December 31, 2003 ended March 31, 2004 ------------------ (From April 1, 2003 to Increase/ decrease March 31, 2004) ------------------------------------------------------------------------------------------------------------------------------------ Numbers of policies ---------------------------- Individual insurance ------------------------------------------------------------------------------------------------------------------------------ First sector 6,609 5.6 6,258 8,250 ------------------------------------------------------------------------------------------------------------------------ Third sector - - - - ------------------------------------------------------------------------------------------------------------------------ Total 6,609 5.6 6,258 8,250 ------------------------------------------------------------------------------------------------------------------------------ Individual annuities 2,060 -41.4 3,517 3,819 ------------------------------------------------------------------------------------------------------------------------------ Total 8,669 -11.3 9,775 12,069 ----------------------------------------------------------------------------------------------------------------------------------- Policies in force ----------------------------------------------------------------------------------------------------------------------------------- Individual insurance 47,020 -0.2 47,108 61,867 ------------------------------------------------------------------------------------------------------------------------------ Individual annuities 14,547 -30.7 20,988 22,911 ------------------------------------------------------------------------------------------------------------------------------ Group insurance - - - - ------------------------------------------------------------------------------------------------------------------------------ Group annuities - - - - ----------------------------------------------------------------------------------------------------------------------------------- Annualized premiums for new policies 1,965 -30.5 2,828 3,248 -----------------------------------------------------------------------------------------------------------------------------------
(Yen in millions, %) ------------------------------------------------------------------------------------------------------------------------------------ For the nine months ended For the nine months ended (Reference) For the year December 31, 2004 December 31, 2003 ended March 31, 2004 ------------------ (From April 1, 2003 to Increase/ decrease March 31, 2004) ------------------------------------------------------------------------------------------------------------------------------------ Premiums written 26,933 -71.4 94,304 100,014 ------------------------------------------------------------------------------------------------------------------------------------ Claims paid 7,922 -87.8 65,195 67,882 ------------------------------------------------------------------------------------------------------------------------------------ (Note) Annualized premiums are the premiums annualized by dividing the total payment of premium for a policy by the terms of insurance.