Sony Life Insurance Co., Ltd

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1 Sony Life Insurance Co., Ltd. 2014

2 Sony Life Insurance Co., Ltd

3 Sony Life Insurance Co., Ltd. 2014

4 Sony Life Insurance Co., Ltd :00AM 5:30PM SFI6F SFI7F ECS F F F F MT15F MT15F F F F F F F F WBG31F WBG31F WBG31F WBG31F F F F F F F F F F F JR16F JR16F JR18F JR15F JR18F JR17F JR18F JR15F JR17F JR17F JR17F JR16F JR16F F F F F F F

5 F F F F F F F F F F F F F F F FT 7F FT 7F FT 7F FT 7F ENT 14F ENT 14F ENT 15F ENT 16F ENT 15F ENT 14F ENT 17F ENT 17F ENT 17F F F F F F F NTT 12F NTT 12F F F F F F F F F F F NBF4F OASIS 21 9F Sony Life Insurance Co., Ltd. 2014

6 Sony Life Insurance Co., Ltd F F F F :00AM 5:30PM SFI 6F MT15F F F F F F F F F F F F F F TS 5F TS 5F A-ONE9F F F F F F ENT 16F ENT 16F ENT 16F ENT 16F FT 7F F NTT 12F F F F F F F F ,070 1,973 1,974

7 * 1 * 2 * 2 * 2 * 2 * 1 * ALM VOC IT IT Sony Life Insurance Co., Ltd. 2014

8 Sony Life Insurance Co., Ltd ,461 1,694 1, ,599 4,629 4,737* 4,570 4,590 4, *254,

9 Sony Life Insurance Co., Ltd

10 Sony Life Insurance Co., Ltd

11 ,000 18, , ,000 22, ,800 3, ,000 50, ,500 4, ,000 40, ,000 5, ,000 65, ,500 11, ,000 70, ,000 70, , , % , % 089 Sony Life Insurance Co., Ltd. 2014

12 Sony Life Insurance Co., Ltd , , Sony Life Insurance Philippines Corporation 10 4, , Sony Life Insurance Philippines Corporation ISO Sony Life Acad e my 2 The Book The Book LIFEPLANNER VALUE Life Planning SQUARE AEGON SA Reinsurance Ltd % VOC Voice Of Customer Sony Life Insurance (Philippines) Corporation Paramount Life & General Insurance Corporation

13 Sony Life Insurance Co., Ltd. 2014

14 Sony Life Insurance Co., Ltd % , , , ,788 27,344 15,823 56, , , , , , ,545, ,211, ,954, ,071,699 4,669,003 5,316,110 10,485 10,208 3,869 44,035 41,092 38,746 69,149 61,884 70, , , , , , , , , , , , , , , , ,469 31,089 30,103 41,491 39,212 36, , , , ,235 26,092 23, , , , ,390 31,358 30,954 1,304 1,543 1,532 14,600 15,377 16,600 4,239 4,185 4, , , , , , , ,222, ,952, ,624,

15 % ,871, ,501, ,152, ,039 24,646 24,702 4,843,020 5,472,930 6,123,633 4,122 4,273 4,237 1, , , , , , ,255 15,586 8,702 4,750 1,222 1,213 13,387 14,079 13, , ,459 5,307 5, ,874 10,577 1,832 20, , , , , , ,319 32,264 41, ,958, ,610, ,255, , , , , , , ,865 5,865 5, , , , ,238 15,478 18, , , , , , , , , , , , , , , , , , , , , , ,222, ,952, ,624, Sony Life Insurance Co., Ltd. 2014

16 Sony Life Insurance Co., Ltd ,400 1,142,274 1,197, , , , , , ,660 1,452 1,402 1, , , ,323 97, , , ,245 92, ,187 5,367 5,450 5,691 11,241 10,854 10, ,278 5,259 5,311 7,556 2, , ,137 83,601 82,670 17,347 16,566 23,799 2,019 2,087 2,151 9,380 11,861 17,197 4,213 1,734 2,618 4, ,964 1,067,614 1,127, , , ,257 68,995 71,060 77,413 8,577 9,571 10,768 42,209 46,809 55, , , ,402 2,302 2,649 3,203 2,082 1,965 1, , , , , , , ,370 11,686 8, ,607 1, , ,376 1, ,330 2,115 2,077 6,305 6,188 5, , , ,868 19,116 22,408 27,507 5,251 7,078 10,884 7,145 7,929 7,981 3,232 4,150 5,064 3,456 3,141 3, ,436 74,659 69,205

17 ,598 8,961 9, ,550 6,945 9,291 8,550 6,945 9,291 1, ,104 2,232 59,879 63,594 57,583 25,755 28,774 21,953 2,697 7,624 1,433 28,452 21,149 20,519 31,426 42,444 37, Sony Life Insurance Co., Ltd. 2014

18 Sony Life Insurance Co., Ltd ,879 63,594 57,583 2,330 2,115 2,077 3,232 4,150 5, , , , , ,104 2, ,853 2,702 2, ,550 6,945 9,291 97, , ,160 32,753 84,465 77, ,376 1,176 1, ,669 18,110 18, ,697 9,774 7,373 2,531 4, , , , , , , ,692 1,966 2,273 5,658 5,821 5,392 34,981 23,443 28, , , ,926 6,000 5,300 5, , , , , , ,909 48,882 47,922 54,102 23,329 21,142 25, , , ,205 8,719 65,349 55, ,021 2, ,500 9,310 7,282 3, , , ,622 9,100 11,200 13, ,118 11,218 13, ,495 48,352 74, ,603 76, ,461 76, ,461 50,455

19 Sony Life Insurance Co., Ltd. 2014

20 Sony Life Insurance Co., Ltd , , ,381 2, ,991

21 , , , ,839 1, , , ,801 7,229 23,572 1,243 4, ,710 1,599 20, , , , ,122 1, ,104 4, , ,657 8,776 25, , ,928 1,841 22, % 5.6% , , , ,273 2, ,232 4, , ,657 2, ,032 36,994 8, , Sony Life Insurance Co., Ltd. 2014

22 Sony Life Insurance Co., Ltd , ,655 14, ,700 7,793 5,789 14, % ,897 6, , ,969 35, ,052 9,931 6,469 3,310 35, % ,372 10,289 1,917 28,622 2, ,522 25,389 1,867 23,522 2, , , , , ,040 37, ,361 12,791 7,240 36, % 1.04% 0.85% 0.42% %30.78%

23 Sony Life Insurance Co., Ltd , ALM 2 3 ALM , ALM 2 3 ALM , ALM 2 3 ALM

24 Sony Life Insurance Co., Ltd ,808 19, ,300 56, , , , ,490 3,404,821 3,560, , , ,246 : 5 123, ,781 8, ,373 27, ,827 15,827 15,293 16, ,088 97, ,628 34, , , , ,346 5,005,874 5,170, , , , , ,666 3,874,232 4,425, ,737 4,409,662 4,839, , , , , , , ,597 9, , ,932 9, ,495 16, ,944 16, ,750,204 6,311, ,669 6,424,328 6,865, , , ,981 1, ,000 22,916 1, , ,906 1,500 5

25 , , ,000 3,330,600 55,000 38,841 15, ,550 1,709 13, ,149 40,636 33,331 3,905, ,48815, , , ,037 2,094 69, , , , , , : , , ,000 3,793,600 55,000 6,041 46,800 1, ,850 3,917 12, ,546 50,759 28,740 4,445, ,52315, , % , ,942 2,710 67, , , , , , , , ,600 4,281, ,357 18,200 28,600 32, ,850 4,878 13, ,691 33,480 76,487 5,068, , ,23615, % , ,231 3,897 63, , , , , , Sony Life Insurance Co., Ltd. 2014

26 Sony Life Insurance Co., Ltd ,170 5, ,975 2, , , , ,693 2, ,426 31,426 70, ,287 2, ,808 56,300 76, ,840 4, , , , ,293 3, ,444 42,444 70, ,996 2, ,373 97, , ,085 4, , ,284 4, ,063 37,063 70, ,827 34,628 50,455 2.

27 ,000 5,865 5,865 11, , , ,873 7,013 1,499 5, ,387 1,820 10,920 9,100 9,100 9,100 31,426 31,426 31,426 31,426 27, ,122 27,122 1,820 20,506 22,326 22,326 27, ,122 49,449 70,000 5,865 5,865 13, , , ,200 34,032 1,395 32, , ,000 5,865 5,865 13, , , ,200 34,032 1,395 32, ,836 2,240 13,440 11,200 11,200 11,200 42,444 42,444 42,444 42, , ,133 46,133 2,240 29,123 31,363 31,363 46, ,133 77,496 70,000 5,865 5,865 15, , , ,563 80,283 1,513 78, , ,000 5,865 5,865 15, , , ,563 80,283 1,513 78, ,333 2,660 15,960 13,300 13,300 13,300 37,063 37,063 37,063 37,063 3,133 3,133 3,133 2,660 21,103 23,763 23,763 3,133 3,133 26,897 70,000 5,865 5,865 18, , , ,327 83,416 1,513 81, ,230 Sony Life Insurance Co., Ltd. 2014

28 Sony Life Insurance Co., Ltd ,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70, , , ,100 2, , ,200 2, ,

29 , , , , , , Sony Life Insurance Co., Ltd. 2014

30 Sony Life Insurance Co., Ltd , , , , , ,027 25,319 32,264 41,556 55,338 59,561 63, , , , , ,774 70,604 78, , , ,056 45,945 27,907 20,626 2,000 R1+R8 2 + R2+R3+R7 2 +R4 72,930 76,472 80,904 R1 20,850 21,871 22,512 R8 7,509 8,307 8,368 R2 28,509 29,054 29,616 R7 9,904 11,474 12,896 R3 26,741 27,592 30,023 R4 1,870 1,966 2,068 A 1,980.4% 2,281.8% 2,358.7% = ,793 65,034 70,562 52,228 59,527 66,249 1,558 5,517 4, = 45,079 51,065 57,098 49,580 56,104 62, ,511 3,730 4,002 a 3,504 3,725 4,000 b A1 2 8,714 13,968 13, ,558 5,517 4,303 B ,155 8,451 9,161

31 , , , , , ,645 25,319 32,264 41,556 55,338 59,561 63, , , , , , ,774 70,604 78, , , ,056 48,801 32,467 27,008 9,793 7,938 9,369 R1 2 +R5 2 +R8+R9 2 + R2+R3+R7 2 +R4+R6 68,900 73,071 77,160 R1 20,852 21,871 22,512 R5 R6 R8 7,510 8,307 8,368 R9 R2 28,509 29,054 29,616 R7 9,904 11,474 12,896 R3 22,415 23,934 26,023 R4 1,783 1,892 1,988 A 2,051.5% 2,341.3% 2,413.8% Sony Life Insurance Co., Ltd. 2014

32 Sony Life Insurance Co., Ltd ,490 30, ,787 70, ,666 50, a ,404,821 3,560, , ,172 4,307 3,874,232 4,425, , , , ,125 60,983 61, ,999 1,079, , , , ,676 53,490 53, ,308 1,036, , ,648 29,106 34,970 5,863 6, ,760 20,994 6,233 6, ,373 16,770 1,397 1,397 14,454 18,681 4,226 4,226 15,373 16,770 1,397 1,397 14,454 18,681 4,226 4,226 1,476 1, ,476 2,664 1,188 1,188 4,299,963 4,516, , ,518 4,668 4,830,232 5,505, , , ,211,145 4,417, , ,981 4,307 4,756,200 5,410, , ,486 29,106 34,970 5,863 6, ,760 20,994 6,233 6, ,235 62,314 4,078 4,078 57,795 70,922 13,126 13,126 58,235 62,314 4,078 4,078 57,795 70,922 13,126 13,126 1,476 1, ,476 2,664 1,188 1,188

33 25 4,409,662 4,839, , , ,065,514 1,189, , , ,035,912 1,146, , , ,236 21,205 8,968 8, ,891 19,403 3,511 3, ,891 19,403 3,511 3, ,474 2,533 1,059 1,059 5,475,177 6,029, , , ,385,143 5,913, , , ,236 21,205 8,968 8, ,323 92,695 16,371 16, ,323 92,695 16,371 16, ,474 2,533 1,059 1, ,668 37, ,066,812 3,226, ,172 3,874,232 4,425, ,737 4,404,321 4,834, ,394 3,023,950 3,181, ,491 3,830,891 4,373, ,837 4,349,230 4,766, ,460 42,862 45,543 2,681 43,341 52,240 8,899 55,090 68,024 12, , ,701 4,307 5,341 5, , ,701 4,307 5,341 5, Sony Life Insurance Co., Ltd. 2014

34 Sony Life Insurance Co., Ltd , ,469 61, ,101 1,075, ,344 1,017,996 1,142, , , ,676 53, ,308 1,036, , ,552 1,100, ,866 23,088 29,313 6,225 10,862 17,143 6,281 12,041 21,013 8,972 15,373 16,770 1,397 14,454 18,681 4,226 14,928 18,450 3,521 1,476 1, ,476 2,664 1,188 1,474 2,533 1,059 6,018 5, ,898 3, ,518 47, ,360 46, ,018 5, ,898 3, b ,625 12,607 16,000 27,090 20,372 17, , ,001 19,419 16,466 42,715 32,980 33,289

35 c. b a ,404,821 3,560, , ,172 4,307 3,874,232 4,425, , ,737 15,625 15,625 12,607 12, , ,962 60,729 64,330 3, ,372 1,103, , ,555 1, , ,676 53,490 53, ,308 1,036, , ,648 29,111 34,974 5,863 6, ,765 20,998 6,233 6, ,457 18,024 1,567 1,567 15,403 20,083 4,679 4,679 15,373 16,770 1,397 1,397 14,454 18,681 4,226 4,226 1,084 1, , ,478 27, ,047 3,239 20,895 25,669 4,774 5,946 1,171 4,342,679 4,559, , ,503 7,908 4,863,212 5,542, , ,292 1,219 4,211,145 4,417, , ,981 4,307 4,756,200 5,410, , ,486 39,188 45,052 5,863 6, ,872 31,106 6,233 6, ,867 69,116 4,248 4,248 61,244 74,823 13,578 13,578 58,235 62,314 4,078 4,078 57,795 70,922 13,126 13,126 6,632 6, ,448 3, ,478 27, ,047 3,239 20,895 25,669 4,774 5,946 1, ,409,662 4,839, , , ,000 16,000 1,082,804 1,214, , , ,035,912 1,146, , , ,236 21,205 8,968 8, ,714 21,129 4,414 4, ,891 19,403 3,511 3, , ,940 25,217 7,277 7, ,508,467 6,070, , , ,385,143 5,913, , , ,236 33,205 8,968 8, ,146 98,420 17,273 17, ,323 92,695 16,371 16, ,823 5, ,940 25,217 7,277 7, Sony Life Insurance Co., Ltd. 2014

36 Sony Life Insurance Co., Ltd , , , , , , , ,247 20,359 20, , ,071 38,206 38, , ,296 37,253 37,253

37 , , Sony Life Insurance Co., Ltd. 2014

38 Sony Life Insurance Co., Ltd A 71,685 80,045 72,365 7,556 2,420 2,130 7,556 2, ,183 5,774 3, ,607 1, , ,376 1, B 1, ,180 A B 73,468 79,114 73,545 4,032 4,454 4,340 3,778 4,223 4, C 4,032 4,454 4,340 A B C 69,436 74,659 69, A5, A5, A5,

39 ,843 1,139,854 1,194, , , , , , ,660 1,452 1,402 1, , , ,881 97, , , ,137 83,601 82,670 17,347 16,566 23,799 2,019 2,087 2,151 9,380 11,861 17,197 4,213 1,734 2,618 4,451 5,278 5,259 5, ,157 1,059,808 1,122, , , ,257 68,995 71,060 77,413 8,577 9,571 10,768 42,209 46,809 55, , , ,402 2,302 2,649 3,203 2,082 1,965 1, , , ,203 8,593 8,313 7, ,330 2,115 2,077 6,207 6,153 5, , , ,868 19,116 22,408 27,507 5,251 7,078 10,884 7,145 7,929 7,981 3,232 4,150 5,064 3,456 3,141 3, ,685 80,045 72, % 2.31% 2.35% 2.17% 2.12% 2.20% 2.35% 2.27% 2.18% Sony Life Insurance Co., Ltd. 2014

40 Sony Life Insurance Co., Ltd ,602, ,707, ,958, ,366, , , , , ,268, ,345, , , ,236, ,628, , , ,405, , % 577, ,145, ,145, , ,396, ,396,676 13, , ,664 13, , ,931 3, ,717 5, , % 517, ,814, ,814,291 15, , ,088 5, ,

41 , , , , , , , , , , , , , , , , , , , , , , , , Sony Life Insurance Co., Ltd. 2014

42 Sony Life Insurance Co., Ltd ,307,480 33,055,108 4,569,665 34,556,341 4,743,523 35,556, ,644 2,954, ,454 3,039, ,296 3,188,877 18, ,529 16, ,894 15, ,918 15, , ,416 2,800, ,084 2,714, ,430 2,711,866 1,306 12,186 1,274 11,823 1,245 11, ,653 2,918, ,924 3,189, ,387 3,179,370 4,769 8,803 4,537 8,221 4,317 7, ,284 1,208, ,085 1,542, ,682 1,763,371 1,453 46,893 1,398 45,078 1,352 44, ,165 4,769, ,903 5,376, ,528 5,764,089 3,977 67,758 3,599 57,892 3,293 49,569 95,797 2,013,279 90,312 1,881,168 86,423 1,783,849 61,822 1,157,972 66,044 1,246,725 68,650 1,297,123 40, ,003 48, ,942 58, ,460 19, ,099 19, ,864 18, ,669 30, ,906 27, ,075 26, ,534 57,073 1,804,589 53,979 1,629,338 51,431 1,477, , , ,110 24,843 1,110,282 29,897 1,328,486 35,922 1,619,192 3, ,242 3, ,883 3, ,349 32, ,367 38, ,601 42, ,873 11,511 8,354 14,538 10,914 17,294 13, , , , , , ,393 5,603 1,007 8,758 1,625 12,528 2, ,348 31, ,666 30, ,595 29, ,141 4,654 56,009 5,264 61,918 5,713 34,190 33,387 31,867 1,545, ,211 1,575, ,977 1,586, ,752 13,611 5,612 12,708 5,301 11,946 5, , , , ,174 8,301, ,361 8,418, ,914 8,345, ,747 1,099, ,092 1,115, ,275 1,315,664 42, ,151 43, ,828 47, ,093 1,842 8,058 2,242 9, , , , , , , , ,401 70, ,868 67, , ,962 1,552,726 1,073,206 1,694,524 1,114,202 1,756,085 13,317 15, ,962 1,552,726 1,073,206 1,694,524 1,100,885 1,740,405 5,602,189 35,707,301 5,958,963 37,366,333 6,236,000 38,628, , ,166 47, ,974 55, ,101 28, ,326 27, ,358 30, ,834 6,529 51,267 7,436 55,375 8,191 58,979 71, ,759 82, ,709 94, , , , , ,853 95, , ,574 73, ,330 74, ,103 75,088 2,050, ,056 1,881,666 1,030,367 1,729,468 1,096, ,300,322 1,268,718 2,128,076 1,345,632 1,958,703 1,405,237 26,044 4,356 25,944 4,071 25,437 3, ,272 53, ,990 52, ,268 51, ,316 57, ,934 56, ,705 55,

43 ,021 3,848, ,677 4,118, ,707 3,424,239 37, ,776 42, ,568 48, ,026 18, , , , ,610 70,372 56, ,505 71, ,177 21, , , ,665 97, ,026 71, , , , ,547 35,964 1,118,717 34,840 1,065,331 28, ,575 4, ,622 4,020 97,588 4,107 89,827 10, ,950 9, ,433 7, ,682 9,742 86,848 12, ,213 13, , , , ,356 5, ,681 6, ,579 7, , , , ,658 9, ,317 8, ,982 7, ,705 5,329 3,954 3,928 3,164 3,786 3, , ,933 42, ,066 12,916 48,199 3, , , , , , ,138 1,200 11, , ,335 2,250 2, ,717 28, ,325 27,937 89,883 19, , ,041 56, ,997 36, ,550 39, ,651 33, ,312 91, ,877 2,228 5,721 2,993 8,424 8,095 23,461 1,870 7,954 2,272 9,417 24, ,133 18,516 78,964 76, , ,531 29,797 12,310 26,923 2,945 9, , , , ,604 56,546 85,174 13,326 15, , , , ,604 43,220 69, ,789 4,145, ,184 4,396, ,946 3,814, ,354 50,945 11,816 49,516 10,486 45,780 1,199 6,718 1,527 8,414 5,233 29,308 13,553 57,664 13,343 57,931 15,719 75,088 9,903 1, ,719 3,717 2,822 3,805 14,997 5,098 5,719 3,717 12,725 5,602 15,825 5, Sony Life Insurance Co., Ltd. 2014

44 Sony Life Insurance Co., Ltd ,154,574 35,671,808 36,872,003 86,425 97, ,424 1,268,674 1,345,602 1,405,218 35,423,249 37,017,411 38,277,222 7,330,781 7,054,856 6,815,689 4,284 1, ,335,065 7,056,635 6,816,420 1,453,003 1,413,006 1,345,860 1,453,003 1,413,006 1,345,860 1,552,726 1,694,524 1,756, , , ,466 1,871,470 2,052,255 2,164,552 45,145 49,550 55, ,159 49,559 55,282 51,016 54,978 58, ,811 56,503 55, , , ,664 17,774 18,031 18, ,794 18,047 18,108 17,774 18,031 18,095 17,774 18,031 18,095 7,793 7,611 7,419 7,793 7,611 7,

45 , , ,356 82,263 74,394 49, , , ,677 1,646,245 1,670,518 1,677,071 1,646,245 1,670,518 1,677, ,104,740 7,613,811 7,980,007 13,495,306 14,169,640 14,722,876 33,055,108 34,556,341 35,556, , ,639 1,169,086 1,099,466 1,115,467 1,315,664 1,552,726 1,694,524 1,756, , , ,915 3,806,410 3,632,540 3,484,766 3,524,371 3,422,316 3,330, ,384 1,340 1,295 1,320 1,303 1, ,142 6,376 6, Sony Life Insurance Co., Ltd. 2014

46 Sony Life Insurance Co., Ltd ,283,620 34,421,831 5,602,189 35,707,301 5,958,963 37,366, ,789 4,145, ,184 4,396, ,946 3,814,291 16,592 57,917 15,449 53,978 15,013 55,283 20, ,079 19, ,453 19, , , , ,523 4,519 27,406 6,084 62,621 13, ,967 8,680 54,617 8,945 56,515 9,719 60,056 30, ,558 29, ,644 30, ,426 38, ,894 41, ,491 37, , ,820 1,789, ,965 1,652, ,104 1,495,343 41, ,880 39, ,673 37, ,789 9, ,296 11, ,142 18, ,729 5,602,189 35,707,301 5,958,963 37,366,333 6,236,000 38,628, ,569 1,285, ,774 1,659, ,037 1,261, , ,699 71, ,759 82, ,709 13,553 57,664 13,343 57,931 15,719 75, ,790 1,179 4,332 1,311 4, , ,858 2,462 13,934 2,739 14,011 3,416 18, , , , , , ,679 71, ,759 82, ,709 94, , ,128 43,060 10,701 42,949 12,152 54,

47 ,485,817 1,198,794 2,300,322 1,268,718 2,128,076 1,345,632 5,719 3,717 12,725 5,602 15,825 5, , , , , , , , ,218 92, ,370 77, ,637 2, , , ,460 1,558 10,543 1,388 10,246 1, , , , , , , ,675 55, ,015 65, ,734 56, ,386 53, ,221 57, ,465 65,559 9,037 1, ,300,322 1,268,718 2,128,076 1,345,632 1,958,703 1,405, ,495 69, ,246 76, ,373 59, ,547 58, ,316 57, ,934 56, ,184 2, ,949 2, ,140 2,097 8,937 1,942 9,483 2,457 8,398 2,201 1, ,316 57, ,934 56, ,705 55, ,126 10,618 1,308 7,229 1, Sony Life Insurance Co., Ltd. 2014

48 Sony Life Insurance Co., Ltd % 1.55% 1.55% 1.20% 1.20% 1.20% % 1.40% 1.40% 1.05% 1.05% 1.05% % 1 7, % % % % 5 3,220 3, % % % % ,175 7,241 7,364 6,373 6,270 6, % %

49 % % ,512 11,031 11, % Sony Life Insurance Co., Ltd. 2014

50 Sony Life Insurance Co., Ltd % % AA AA AA A A A BBB S&P %

51 ,609 6,897 6, ,214 1,158 1,405 1,505 1,402 1,272 1,076 1,299 1,556 11,748 10,966 11, ,727 4,982 5,323 6,803 7,969 7, ,039 24,646 24, ,596,066 5,207,101 5,840,272 4,195,276 4,707,813 5,257, , , , , , ,451 97, , ,818 36,181 43,182 48, ,811 56,503 55,196 57,811 56,503 55,196 4,787,682 5,413,369 6,059,962 4,350,710 4,870,898 5,428, , , ,477 55,338 59,561 63,671 4,843,020 5,472,930 6,123,633 4,406,049 4,930,459 5,492, , , , ,616,135 5,204,625 5,859, , , ,515 55,338 59,561 63,671 4,843,020 5,472,930 6,123,633 Sony Life Insurance Co., Ltd. 2014

52 Sony Life Insurance Co., Ltd % 100.1% , , , ,172, ,344, ,387, , , , ,351 30,991 35, II % 3.0%

53 , , , , , , , , ,122 1, , , , , , , , ,104 1, , ,273 1, , , , , , , , ,232 1, , ,237 1, , Sony Life Insurance Co., Ltd. 2014

54 Sony Life Insurance Co., Ltd ,596 20,310 2,713 20,310 22,770 2, ,768 25,319 8,550 25,319 32,264 6, ,770 25,389 2, ,264 41,556 9, ,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 5,865 5,865 5,865 5,865 5,865 5,865 5,865 5, ,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 5,865 5,865 5,865 5,865

55 , , ,009 75, , , , , ,465 8,993 9,485 9, , , ,530 10,045 12,045 16, ,504 2,955 3,428 3, ,428 7,469 8,757 3,840 4,206 4,523 2,786 2,705 2, , , , ,224 42,178 43,716 1,391 45,108 1, ,984 2,490 2, ,666 19,679 19,593 21,930 21,930 4,901 6,021 6, ,034 68,995 71,060 75,711 1,702 77, ,577 9,571 8, ,097 10, Sony Life Insurance Co., Ltd. 2014

56 Sony Life Insurance Co., Ltd ,844 1,699 2, ,210 8,820 8,745 8, ,992 7,969 8,258 8,604 8, ,635 15,775 23,070 23,070 11,744 12,250 9, ,201 12,462 42,209 46,809 52, ,201 55, , , ,178 8, , % 4, ,234 2, , ,304 2, , ,376 2, , ,399 2, , , ,432 2,807 8,196 24, ,262 3,911 11,169 26, ,024 3,232 10,441 26, ,915 4,150 13,482 28, % 4, ,446 2, , ,490 2, , ,095 4,799 14,235 23, ,915 5,064 16,688 26,

57 ,830 53,837 56,713 13,299 14,181 14,887 41,362 41,041 42, , , , ,711 5,243 5,205 3,466 3,599 3,763 1,102 1,274 1, ,433 2,685 2, ,450 1,670 1, ,145 7,929 7, Sony Life Insurance Co., Ltd. 2014

58 Sony Life Insurance Co., Ltd GDP GDP % % % % 4 ETF % % % %+0.082% , , , , , = = =94 1 = = ALM Asset Liability Management ,843 5, % 5 1, % % % 3,0535.1% 1,5412.6% % %

59 % 64, , , , , , ,114, ,683, ,334, ,975, ,561, ,190, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,778, ,402, ,984, , , , ,190 38,452 70,704 11,821 17, , , , , , ,017 18,958 13,946 2,099 15,921 2,733 19,323 15,420 2,389 17, ,123 1,510 3, ,490 6,195 9,114 4,362 6,236 9, ,202 2,658 3,769 13,752 13, ,580 7,819 1, , , ,215 15,459 1,239 16, Sony Life Insurance Co., Ltd. 2014

60 Sony Life Insurance Co., Ltd % ,435 57,825 54, , , ,611 3,837,534 4,319,240 4,900,002 3,697,915 4,199,159 4,784,298 48,785 30,637 26,297 87,583 86,275 86, , , , ,091 69,071 64,367 4,438,479 4,926,539 5,512,218 87,607 86,281 87, , , ,160 5,278 5,259 5,311 7,556 2, , , , ,652

61 ,607 1, , ,376 1, ,330 2,115 2,077 6,305 6,188 5,845 14,370 11,686 8, ,245 92, ,187 77,182 87,634 98, ,908 3,746 6,740 5,367 5,450 5,691 11,241 10,854 10,250 97, , , , ,333 2, ,556 2, , , ,607 1, Sony Life Insurance Co., Ltd. 2014

62 Sony Life Insurance Co., Ltd , , % 3,941, ,527, ,158, , , , , , , , , , , , , , , , , , , , , , , , , ,114, ,683, ,334, ,256 29,587 25,780 29,166 18,762 4,009,976 4,114,529 14,892 12,589 15,590 5,412 3,893,211 3,941,696 3,531 3,531 7,105 2, ,220 30,527 45,052 45,052 1,256 3,637 11,094 12,041 13,349 48,783 90,162 1,790 4,641 10,338 42,862 59,632 1,256 3,637 9,304 7,399 3,010 5,921 30, , ,708 3,558 1,256 29,587 25,780 29,166 18,762 4,009,976 4,114,529

63 ,840 37,071 29,686 9,392 29,531 4,570,224 4,683,747 3,631 23,197 15,528 16,115 4,468,860 4,527,332 2,472 1,018 3,490 8, ,213 30,224 31,106 31,106 1,736 4,393 13,520 7,995 13,401 46,380 87,428 4,338 2,318 12,024 43,341 62,022 1,736 4,393 9,182 5,677 1,376 3,039 25, , ,664 4,164 7,840 37,071 29,686 9,392 29,531 4,570,224 4,683, ,374 21,985 29,574 16,389 70,532 5,175,193 5,334,049 10,586 12,297 15,285 65,346 5,055,455 5,158,972 1,003 1,003 6,718 2, ,639 19,566 30,089 33,205 33,205 2,007 7,629 13,045 16,389 3,248 64, ,752 5,099 12,371 1,931 60,432 79,835 2,007 7,629 7,945 4,017 1,316 4,000 26, , ,533 4,026 20,374 21,985 29,574 16,389 70,532 5,175,193 5,334, % Sony Life Insurance Co., Ltd. 2014

64 Sony Life Insurance Co., Ltd % , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

65 , , , , , ,236 15,293 15,495 15, , , , Sony Life Insurance Co., Ltd. 2014

66 Sony Life Insurance Co., Ltd % %

67 % % 23 31,469 31,469 43, ,476 41,491 18, , , ,693 73,678 20, , ,272 69,942 18, % 24 31, , , ,153 39,212 20, , , ,293 70,969 22, , ,057 67,231 20, Sony Life Insurance Co., Ltd. 2014

68 Sony Life Insurance Co., Ltd % 25 31, ,103 39, ,118 2,129 36,429 21, , , ,285 2,284 67,100 23, , ,223 2,021 63,334 21, ,960 70,301 66,532 3,442 3,448 3,442 69,517 66,853 63, % 57,886 2,272 18,008 39, ,605 2,057 20,058 37, ,805 2,196 17,351 39, ,503 1,990 19,334 37, ,420 2,330 18,329 40, ,140 2,115 20,437 37,

69 25 % 55,686 2,021 21,050 34, ,873 1,952 20,481 34, ,221 2,077 21,485 34, % 16, , , , , , , , , , , , , , , , , , , , , % 16, , , , , , , , , , , , , , , , , , , , , , , , , , , , Sony Life Insurance Co., Ltd. 2014

70 Sony Life Insurance Co., Ltd % 37, , , , , , , , , , , , , % 23, , , , , , , , , , , , , ,688 29,223 75,579 8,688 29,223 75,579 8,688 29,223 75, %

71 , ,846 2, , , ,846 2, , , a ,404,821 3,560, , ,172 4,307 3,874,232 4,425, , , , ,125 60,983 61, ,999 1,079, , , , ,676 53,490 53, ,308 1,036, , ,648 29,106 34,970 5,863 6, ,760 20,994 6,233 6, ,373 16,770 1,397 1,397 14,454 18,681 4,226 4,226 15,373 16,770 1,397 1,397 14,454 18,681 4,226 4,226 1,476 1, ,476 2,664 1,188 1,188 4,299,963 4,516, , ,518 4,668 4,830,232 5,505, , , ,211,145 4,417, , ,981 4,307 4,756,200 5,410, , ,486 29,106 34,970 5,863 6, ,760 20,994 6,233 6, ,235 62,314 4,078 4,078 57,795 70,922 13,126 13,126 58,235 62,314 4,078 4,078 57,795 70,922 13,126 13,126 1,476 1, ,476 2,664 1,188 1,188 Sony Life Insurance Co., Ltd. 2014

72 Sony Life Insurance Co., Ltd b ,625 12,607 16,000 27,090 20,372 17, , ,001 19,419 16,466 42,715 32,980 33,289 4,409,662 4,839, , , ,065,514 1,189, , , ,035,912 1,146, , , ,236 21,205 8,968 8, ,891 19,403 3,511 3, ,891 19,403 3,511 3, ,474 2,533 1,059 1,059 5,475,177 6,029, , , ,385,143 5,913, , , ,236 21,205 8,968 8, ,323 92,695 16,371 16, ,323 92,695 16,371 16, ,474 2,533 1,059 1, ,668 37,253 3.

73 c. b a ,404,821 3,560, , ,172 4,307 3,874,232 4,425, , ,737 15,625 15,625 12,607 12, , ,962 60,729 64,330 3, ,372 1,103, , ,555 1, , ,676 53,490 53, ,308 1,036, , ,648 29,111 34,974 5,863 6, ,765 20,998 6,233 6, ,457 18,024 1,567 1,567 15,403 20,083 4,679 4,679 15,373 16,770 1,397 1,397 14,454 18,681 4,226 4,226 1,084 1, , ,478 27, ,047 3,239 20,895 25,669 4,774 5,946 1,171 4,342,679 4,559, , ,503 7,908 4,863,212 5,542, , ,292 1,219 4,211,145 4,417, , ,981 4,307 4,756,200 5,410, , ,486 39,188 45,052 5,863 6, ,872 31,106 6,233 6, ,867 69,116 4,248 4,248 61,244 74,823 13,578 13,578 58,235 62,314 4,078 4,078 57,795 70,922 13,126 13,126 6,632 6, ,448 3, ,478 27, ,047 3,239 20,895 25,669 4,774 5,946 1, ,409,662 4,839, , , ,000 16,000 1,082,804 1,214, , , ,035,912 1,146, , , ,236 21,205 8,968 8, ,714 21,129 4,414 4, ,891 19,403 3,511 3, , ,940 25,217 7,277 7, ,508,467 6,070, , , ,385,143 5,913, , , ,236 33,205 8,968 8, ,146 98,420 17,273 17, ,323 92,695 16,371 16, ,823 5, ,940 25,217 7,277 7, Sony Life Insurance Co., Ltd. 2014

74 Sony Life Insurance Co., Ltd , , , , , , , ,247 20,359 20, , ,071 38,206 38, , ,296 37,253 37,

75 , , SPEs CDO Alt-A CMBS RMBS Sony Life Insurance Co., Ltd. 2014

76 Sony Life Insurance Co., Ltd , , , , , , % % % TOPIX VA % % 225 ETF VA3

77 MSCI VL % % VL 3 MSCI % % % 51% 0.6% +0.59% FRB % %+10.93% Sony Life Insurance Co., Ltd. 2014

78 Sony Life Insurance Co., Ltd ETF +8.00% 225 ETF % CD CP ,644 6,955, ,454 7,113, ,296 7,302,062 42, ,828 43, ,778 47, ,508 1,453 48,924 1,398 46,810 1,352 45, ,834 7,147, ,179 7,306, ,592 7,512, , ,528 27, ,759 30, ,758

79 % 11, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,405 9,147 11,773 5,690 8,033 16, , , ,031 5, ,199 2, ,830 32,237 92,255 6,359 1, ,137 83,601 82, ,490 30, ,787 70, ,666 50,776 Sony Life Insurance Co., Ltd. 2014

80 Sony Life Insurance Co., Ltd SA Reinsurance Ltd SA Reinsurance Ltd % 2, % 1,

81 Sony Life Insurance Co., Ltd. 2014

82 Sony Life Insurance Co., Ltd

83 :00 17: :00 21:00 9:00 17: TEL URL FSC

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