Financial Highlights

* Each line items are presented as the net amount of income tax expenses by using effective tax rate.

Other expenses consist of other operating expenses which are not attributable to insurance contracts, net of other income.

Investment income consists of interest income, dividend income and share of profit of associate.

Extraordinary and market fluctuation items consist of gain (loss) on investments, gain (loss) on fair value change, and change in expected credit loss.

Assets other than the abovementioned consist of accrued investment income, insurance contract assets, reinsurance contract assets, derivative assets, net investments in associated companies, net land, premises and equipment, net intangible assets, net property foreclosed, net deferred tax assets and other assets.

Liabilities other than the abovementioned consist of derivative liabilities, income tax payable, net deferred tax liabilities, employee benefit obligations and other liabilities.

• ^[1] Net profit margin is calculated as net profit divided by total revenues for the period. Total revenues consist of insurance revenue, net investment income, share of profit of associate, and other income.
• ^[2] Return on investments is calculated as sum of investment income and gain (loss) on investment in the latest 12 months divided by an average of the sum of net financial investment assets at the beginning and the end of the period.
• ^[3] Return on shareholders’ equity is calculated as net profit in the latest 12 months divided by average total shareholders’ equity at the beginning and the end of the period.
• ^[4] Return on assets is calculated as net profit in the latest 12 months divided by average total assets at the beginning and the end of the period.
• ^[5] Debt to equity ratio is calculated as total liabilities divided by total shareholders’ equity at the end of the period.