1 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 1

20183 2017 11 20

60,000 50,000 51,825 26,557 2018/3 50,314 49,796 49,463 49,244 21,679 17,716 16,745 15,905 9,000 8,000 7,000 2018/3 7,480 7,387 7,361 7,347 7,363 4,905 4,452 4,023 3,919 3,830 40,000 6,000 30,000 20,000 25,268 28,635 32,079 32,718 33,338 5,000 4,000 3,000 2,000 2,574 2,934 3,338 3,428 3,533 10,000 1,000 0 15.3 16.3 17.3 17.6 17.9 0 15.3 16.3 17.3 17.6 17.9 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 5

512+20.6%59.6% 2017/3 2Q 2018/3 2Q 2018/3 () 1,078 1,688 +56.6 % 2,500 67.5 % 425 512 +20.6 % 860 59.6 % +610 +543 +87 +91 EV EV 29,936 35,986 +20.2 % 57 1,022 +1,684.0 % EV +6,050 +5,147 +965 +700 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 6

17.3 2Q 18.3 2Q 17.3 43,338 40,548 2,790 86,594 28,125 22,035 6,089 50,418 6,783 6,409 373 13,679 8,052 11,841 3,789 21,872 42,260 38,859 3,400 83,796 37,931 35,257 2,674 75,503 1,052 343 709 1,604 2,780 2,660 119 5,604 1,078 1,688 610 2,797 295 279 575 68 779 688 91 1,526 594 720 126 1,201 169 207 38 315 17.3 17.9 803,367 786,393 16,974 13,660 7,225 6,435 21,270 25,464 4,193 634,852 620,699 14,153 80,609 80,403 205 3,227 3,021 206 8,519 8,476 43 784,835 766,138 18,697 701,752 689,911 11,841 7,887 8,175 288 18,532 20,255 1,723 15,268 15,421 153 3,263 4,833 1,570 425 512 87 885 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 8

26.0%2,089 +7.4%279 6,000 600 557 5,000 4,000 4,578 2,197 4,853 2,471 5,079 2,255 500 400 411 201 495 249 297 3,000 300 2,000 2,381 2,381 2,823 2,089 200 209 246 260 279 +7.4% 1,000 26.0% 100 0 15.3 16.3 17.3 18.3 0 15.3 16.3 17.3 18.3 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 9

934111.5%2018.312% 350 % 17.3 17.9 575,812 71.7 554,923 70.6 427,323 53.2 409,794 52.1 92,268 11.5 89,952 11.4 2 56,220 7.0 55,176 7.0 79,637 9.9 90,341 11.5 17.3 2Q 18.3 2Q 17.3 299 350 785 1 1.73 % 1.71 % 1.73 % 2 1.82 % 1.82 % 1.84 % 1 16,260 2.0 18,827 2.4 1 3,090 0.4 3,407 0.4 1,2 60,286 7.5 68,031 8.7 80,609 10.0 80,403 10.2 67,309 8.4 60,725 7.7 15,160 1.9 8,425 1.1 35,207 4.4 34,309 4.4 803,367 100.0 786,393 100.0 1. 2. 567 24 511 10 16.9 17.9 17.3 0.085 % 0.060 % 0.065 % 101.12 112.73 112.19 1. 2. Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 13

EV 20179EV 2,42935,9861,022+965 EV 16.9-17.9 17.3 17.9 EV 33,556 35,986 2,429 2.0% 1.5% 17.9 17.3 16.9 19,652 20,099 446 1.0% 13,904 15,887 1,983 0.5% 17.3 2Q 1 18.3 2Q 2 0.0% 57 1,022 965 0.5% 0 10 20 30 1. 201642016920173 2. 201742017920179 EV 20173 20173EV 20179EV201832Q Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 15

EV RoEV9.7% 4.7%201633.4% () RoEV 9.7% ( 1 ) + 1,210 35,986 + 1,022 + 480 + 124 63 + 15 33,556 33,196 360 EV (2017.9) 50bp + 5.5 % 50bp 7.4 % 10% 2.5 % 50bp0% 0% 2017.3 EV () EV ( ) () 2017.9 EV 1. EV Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 16

339 ESR 17.3 17.9 2 17.3 17.9 22,540 21,863 676 18,388 17,514 873 1,290.6 % 1,207.7 % 4,152 4,349 197 () ESR 176 % 186 % 7,887 8,175 288 6,484 6,565 81 1,402 1,610 207 R&I JCR S&P 1 59,610 59,397 213 AA- () AA () A+ () 59,610 59,397 213 - - - () AA+ () AAA () A+ () 1. 2011 310290913,013 2. 340 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 17

20183 () 17.3 () 18.3 () 39.6 % 40.6 % 44.6 % 86,594 76,900 2,797 2,500 +4 1,2 885 860 60.00 +6.7% 1. 56.00 +7.1% 2. 300201832 64.00 () 20183 3050% 16.3 17.3 18.3 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 18

APPENDIX

ESGEnvironmental ESG ESG Web 20157 5,210 CO 2 20143.2 20162.423% JP ESG ESG PRI201710 ESG () 20166 (:IBRD) 100 1 20171 () 135 20173 ESG() 50 20176 (JICA) 37 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 20

ESGSocial LGBT4 17.1% 2.8% 1 2 10.5 % 3 6.4 4 1. 2017 2. 20214114% 3. 2017101 4. 201541 4 10.6 1 3 2 3 88.2 1. 2016 2. 201415.7 3. 3 2.25% 1 LGBT work with Pride 1 Pride LGBT 1. 2017930 1. LGBT Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 22

1 2017.3: 6,000 2 (2016.3) 5.7% 15.3% 42.9% 36.0% 5,000 4,000 3,000 2,000 1,000 14.2% 37.8% 48.0% 8.1% 4 (2016.3) 22.8% 13.1% 13.5% 42.6% 0 0 200 400 600 800 1,000 1,200 2016 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 26

2,20026 1 506 2 2017.3 2017.3 18% 42% 58% 20 2% 30 7% 70 40 18% 12% 60 38% 50 22% 70 24% 60 23% 20 7% 30 13% 40 16% 50 17% 1 2017.4.1 12,679 100% 2,256 18% 120173 220173 1,306 58% 950 42% 5:5 20173 50 8 506 2 2016 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 27

() 70.0 60.0 50.0 40.0 30.0 20.0 10.0 0.0 : 80.21 : 86.61 (9.02) (12.40) : 71.19 : 74.21 60.5 8.1 42.3 38.5 5.2 24.5 5.0 16.4 14.8 27.9 18.7 20.6 12.3 16.3 26.3 1 () (%) 7.5 30.0 7.0 6.6 28.0 6.5 26.0 6.0 5.6 5.5 24.0 5.0 GDP 1.00 1.00 1.08 1.10 1.26 1.57 (201465) GDP2012320263 4.5 4.0 2009.3 2010.3 2011.3 2012.3 2013.3 2014.3 2015.3 2016.3 2017.3 1. 22.0 20.0 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 28

1 (:) (%) 300 1 10,547 15.9 2 7,361 11.1 3 6,223 9.4 4 6,063 9.1 5 5,326 8.0 6 3,822 5.8 1 14,500 120540,000 22,5005 7 3,645 5.5 8 2,695 4.1 9 2,182 3.3 10 2,063 3.1 (41) 66,309 100.0 2016 90,000 20 2 22,500 5 2 45,000 10 2 1. 2. 1 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 29

300 17.3 2Q 18.3 2Q 135 100.0 % 94 100.0 % 250 239 244 72 53.8 % 45 48.0 % 122 109 58 43.5 % 27 29.6 % 200 13 10.3 % 17 18.4 % 150 100 50 0 135 117 94 30.0% 16.3 17.3 18.3 41 30.8 % 42 44.7 % 14 10.7 % 16 17.8 % 12 9.0 % 18 19.1 % 15 11.1 % 7 7.8 % 20 15.4 % 6 7.3 % 0 0.0 % 0 0.0 % Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 30

17.3 17.9 3,500 3,232 3,156 3,102 3,000 1,697 1.7% 1,441 1,327 3,156 100.0 % 3,102 100.0 % 1,349 42.8 % 1,298 41.9 % 2,500 846 26.8 % 822 26.5 % 482 15.3 % 457 14.8 % 2,000 1,279 40.6 % 1,294 41.7 % 1,500 1,535 1,715 1,774 406 12.9 % 413 13.3 % 1,000 239 7.6 % 251 8.1 % 500 633 20.1 % 629 20.3 % 512 16.2 % 494 15.9 % 0 16.3 17.3 17.9 14 0.5 % 14 0.5 % Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 31

17.3 17.9 655,419 732,425 77,005 643,492 720,649 77,157 404,418 465,186 60,768 395,937 455,444 59,506 125,173 136,974 11,800 113,870 124,902 11,031 125,827 130,264 4,436 133,683 140,303 6,619 108,364 108,993 629 113,146 114,916 1,769 47,584 47,968 384 46,908 47,252 344 502 540 38 1,005 1,092 86 42,246 42,537 291 44,145 45,345 1,200 14,280 14,171 108 17,042 17,158 116 3,751 3,775 24 4,045 4,067 22 1 17,463 21,270 3,807 20,536 25,386 4,849 12,521 15,719 3,198 13,825 17,735 3,909 2,671 3,090 419 2,701 3,407 705 1,669 1,859 189 3,199 3,433 234 1. Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 32

1 1 201611 ROE 170 161 9 0 5.3 % 37 37 0 0 0.0 % 50 44 6 0 12.0 % 35 33 2 0 5.7 % 9 9 0 0 0.0 % 0 0 0 0 0.0 % 26 26 0 0 0.0 % 7 7 0 0 0.0 % 0 0 0 0 0.0 % 0 0 0 0 0.0 % 6 5 1 0 16.7 % 1 0 1 0 100.0 % 21 3 18 0 85.7 % 191 164 27 0 14.1 % 1. 2016720176 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 33

7 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 5,385 5,604 3,779 1,969 3,927 2,024 1,810 1,903 2,660 1,895 1,056 839 16.3 17.3 18.3 2Q Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 34

2014.3 2015.3 2016.3 2017.3 2017.3 2Q 2018.3 2Q 87,088,626 67,560,915 19,527,711 84,911,946 61,703,013 23,208,932 81,543,623 55,832,787 25,710,836 80,336,414 51,447,550 28,888,864 80,492,247 52,827,292 27,664,955 78,640,910 48,798,069 29,842,840 34,864 23,195 11,668 33,489 19,949 13,539 32,323 16,972 15,350 31,562 14,411 17,150 32,067 15,678 16,388 31,020 13,271 17,749 5,911,643 2,155,398 3,756,245 5,956,716 1,697,140 4,259,576 5,413,862 1,322,308 4,091,554 5,041,868 1,002,816 4,039,051 2,812,554 534,645 2,277,909 2,203,556 400,111 1,803,445 463,506 382,325 81,181 493,169 377,145 116,024 413,023 258,059 154,963 279,347 185,250 94,097 107,711 73,545 34,165 168,674 73,693 94,980 63,428 43,689 19,739 81,758 36,969 44,789 86,338 32,850 53,487 88,520 26,044 62,475 42,604 14,361 28,242 51,202 9,207 41,995 94,807 164,732 69,924 90,087 167,144 77,057 123,864 171,199 47,335 120,819 172,881 52,061 60,602 86,548 25,945 67,642 87,379 19,736 91,360 73,857 17,502 97,934 72,126 25,808 70,100 8,957 61,143 6,444 12,625 6,181 29,627 22,711 6,915 28,825 8,102 20,722 77,134 77,134-68,347 68,347-55,533 55,533-50,454 50,454-22,650 22,650-21,325 21,325 - Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 36

2014.3 2015.3 2016.3 2017.3 2017.3 2Q 2018.3 2Q 59,116 59,567 54,138 50,418 28,125 22,035 4,627 4,926 4,115 2,797 1,078 1,688 2,421 2,007 1,780 1,526 779 688 628 813 848 885 425 512 15,381 19,757 18,829 18,532 17,825 20,255 870,928 849,150 815,451 803,367 804,922 786,393 4.2 % 4.6 % 4.4 % 4.7 % - - 4.7 % 5.9 % 5.9 % 5.9 % - - 168 245 336 360 - - 26.8 % 30.2 % 39.6 % 40.6 % - - 4,820 5,154 4,642 3,900 1,944 1,944 Copyright 2017 JAPAN POST INSURANCE Co.,Ltd. All Rights Reserved. 37