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CONTENTS 002 004 006 26 008 26 011 PART 1 012 26 013 015 017 019 020 MCEV 023 027 PART 2 028 030 034 036 LiPSS 038 040 042 043 046 050 053 059 PART 3 060 ERMEnterprise Risk Management 062 063 066 069 073 PART 4 074 076 083 095 166 111 277

002 Sony Life Insurance Co., Ltd. 2015

548 268 35 6 26 26* 1 22.7 47,716 * 1 4.840 9,88756 * 2 2,555.0% 26 265 10 14 *1 *2 solvency margin Sony Life Insurance Co., Ltd. 2015 003

54810 30 26 35 Photo by Kazumi Kurigami/Igfy Corporation 004

682* Million Dollar Round Table MDRTMDRT MDRT One Love One Trust 7 * 2761 * + 409,887 26 Sony Life Insurance Co., Ltd. 2015 005

164 1910 26 4%14% 2771 006 Sony Life Insurance Co., Ltd. 2015

198 2112 21 2112 http://www.aegonsonylife.co.jp/ SA Reinsurance Ltd. 2110 106 135 134 201 265 143194 3 264 217 Sony Life Insurance Co., Ltd. 2015 007

26 265 268 35 35 35 26 269 2610 14 14 008 Sony Life Insurance Co., Ltd. 2015

2611 20146 26111320146 700 273 264 5YOU 26 Sony Life Insurance Co., Ltd. 2015 009

010 Sony Life Insurance Co., Ltd. 2015

PART 1 Sony Life Insurance Co., Ltd. 2015 011

5 22 23 24 25 26 35,947,326 37,345,780 39,124,675 40,500,241 42,430,898 34,421,831 35,707,301 37,366,333 38,628,089 40,391,018 326,699 369,759 412,709 466,915 597,682 1,198,794 1,268,718 1,345,632 1,405,237 1,442,198 58,937 57,811 56,503 55,196 17,210 604,793 635,401 669,937 696,986 735,728 140,776 148,954 158,686 167,075 172,800 4,213,996 4,207,045 4,460,210 3,894,484 4,776,917 4,166,278 4,145,663 4,396,676 3,814,291 4,625,700 32,746 57,664 57,931 75,088 145,926 14,971 3,717 5,602 5,104 5,291 71,230 70,854 73,263 63,992 76,612 16,679 17,101 18,397 13,486 15,285 26 900,091 967,400 1,142,274 1,197,109 1,223,827 770,330 816,106 925,874 960,986 914,034 119,500 133,945 199,833 212,323 280,148 826,914 897,964 1,067,614 1,127,904 1,144,162 297,966 287,431 293,929 327,257 382,902 19,303 14,370 11,686 8,506 9,727 99,374 105,492 109,060 113,868 115,603 73,176 69,436 74,659 69,205 79,665 40,220 31,426 42,444 37,063 42,524 56,295 71,685 80,045 72,365 76,505 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 4,723,332 5,222,846 5,952,750 6,624,903 7,301,350 398,124 444,289 550,624 640,562 793,344 4,371,484 4,843,020 5,472,930 6,123,633 6,727,241 134,419 138,909 145,104 154,219 162,399 4,017,583 4,545,019 5,211,535 5,954,716 6,543,703 2,900.1% 1,980.4% 2,281.8% 2,358.7% 2,555.0% 1,720.0% 5,921 6,060 6,323 6,553 6,781 1. 2. 3. 4. 11 5. 6. 22232248 222326 221,720.0%2322233 012 Sony Life Insurance Co., Ltd. 2015

26 409,887 26 409,887 4.8% + 450,000 409,887 360,000 3,266 3,697 4,127 4,669 5,976 14,4212.6% 270,000 424,308 4.8% 180,000 344,218 357,073 373,663 386,280 403,910 6672,1045.4% 90,000 0 H22 H23 H24 H25 H26 47,716 47,716 26 26 47,716 22.7% 523.7% 47,769 22.7% 606,65413.7% 50,000 40,000 30,000 20,000 + 327 576 41,662 41,456 43,966 579 38,142 47,716 750 46,257 1,459 10,000 0 H22 H23 H24 H25 H26 Sony Life Insurance Co., Ltd. 2015 013

269 * * 26+ 10.4% 8.4% 1.2% 15.0% 65.0% 26 5.35% 5.35% 133 26 0.74 5.35% 10 + 10 8 6 4 2 0 6.41 H22 5.93 H23 5.31 H24 4.61 H25 5.35 H26 12.7% 25 2612.7% 20 15 12.7 10 12.9 12.9 11.8 11.9 5 0 H22 H23 H24 H25 H26 014 Sony Life Insurance Co., Ltd. 2015

26 10 GDP46 6.8% 79 2.0%10 12+1.2%13+3.9%* 10 ETF 710 1010 0.201% 2730.405% 0.237 10 273 19,206.994,379.16 1=103 10 121=121.46 27 31=120.13 1=103.2316.9 * 2 26 2665,080 5,2368.8% 56,068 86.2%1,0551.6% 4240.7%3,1324.8% 1,6232.5%1,177 1.8%5680.9% 18 25 26 2.35 2.35 2.20 2.36 2.5% 4.8% 0.0% 0.4% 0.7% 1.6% 26 0.9% 1.8% 1.1% 86.2% Sony Life Insurance Co., Ltd. 2015 015

ALM 10 ALM ALMAsset Liability Management 26 http://www.sonylife. co.jp/ 016 Sony Life Insurance Co., Ltd. 2015

9,1403,829 796425 269,140 9,60926 3,8293,272 26 H26 H25 H24 H23 H22 10,000 8,000 6,000 4,000 2,000 0 9,140 7,703 8,161 9,258 9,609 H26 H25 H24 H23 H22 2,000 1,600 1,200 800 400 0 1,540 112 631 468 383 422 765 689 710 555 107 774 82 85 95 796 1 1,5401,436 2,80197 26 2,801 2,123 26 9785 15.1796 2614.7 425 796425 2,801 97 9,140 3,829 Sony Life Insurance Co., Ltd. 2015 26 017

765 1 765 26 5.7%765 765 84 52 796 26 24 26 46130 * 1 180 130 * 2 * 3 120 84 60 0 60 120 63 H22 15 H23 21 H24 H25 H26 * 1 * 2 * 3 12 018 Sony Life Insurance Co., Ltd. 2015

73,013 4,325700 26 73,01310.2% 264,325 17.1%1641 2667,272 H26 H25 H24 H23 H22 80,000 64,000 48,000 32,000 16,000 0 73,013 59,527 66,249 52,228 47,233 H26 H25 H24 H23 H22 80,000 64,000 48,000 32,000 16,000 0 67,272 54,729 61,236 48,430 43,714 610 4,325700 67,272 26 700 Sony Life Insurance Co., Ltd. 2015 26 019

A18,830B1435 26A 39.918,830 B13.91435 20,000 18,830 ALM ALM ALM 16,000 12,000 8,000 4,000 0 6,069 6,291 H22 8,714 7,155 H23 13,968 H24 8,451 13,464 H25 9,161 1435 H26 26 22 23 24 25 26 1=+++ 47,031 53,793 65,034 70,562 81,598 47,233 52,228 59,527 66,249 73,013 221 1,558 5,517 4,303 8,394 19 6 10 10 190 2 = 40,961 45,079 51,065 57,098 62,768 45,079 49,580 56,104 62,556 68,688 167 253 322 415 428 515 553 595 636 687 3,353 3,511 3,730 4,002 4,296 a 3,342 3,504 3,725 4,000 4,293 b 11 7 4 1 2 80 183 390 403 508 A1 2 6,069 8,714 13,968 13,464 18,830 3 221 1,558 5,517 4,303 8,394 B1 2 3 6,291 7,155 8,451 9,161 10,435 020 Sony Life Insurance Co., Ltd. 2015

2,555.0% solvency margin 26 196.32,555.0% 26 A 1,078,363 B 84,411 A 2,555.0% 1/2 100 12 100 = + 1 + 2 + + x90 + x85 + + + + 100 26 1... 2... = R1 + R8 2 + R2 + R3 + R7 2 + R4 1... 8... 2... 7... 3... 4... Sony Life Insurance Co., Ltd. 2015 021

10,083 8,856TOPIX711 273 25 26 5,547 10,083 4,536 4,303 8,394 4,091 1,243 1,688 444 1,108 1,455 346 89 160 71 35 69 34 2 26 261,623 1,6230 112 2771 022 Sony Life Insurance Co., Ltd. 2015

MCEV MCEV EV EV EV EV 203EV Traditional EVEuropean Insurance CFO Forum Market Consistent Embedded Value Principles *MCEV Principles Market Consistent MCEV 26 Embedded ValueMCEV MCEV *Copyright Stichting CFO Forum Foundation 2008 MCEV = + Sony Life Insurance Co., Ltd. 2015 023

MCEV... 1 2... MCEV CFOChief Financial OfficerCFO 2110MCEV Principles 26MCEV 26 26MCEV MCEV 1,016 ALM * http://www.sonylife.co.jp/ 25 26 MCEV 12,213 13,229 1,016 7,221 11,192 3,971 4,991 2,037 2,955 552 486 66 15,000 12,000 9,000 6,000 3,000 MCEV 0 12,213 H25 13,229 4,991 7,221 H26 2,037 11,192 024 Sony Life Insurance Co., Ltd. 2015

3,971 25 26 7,221 11,192 3,971 3,692 4,325 633 416 428 13 637 687 50 0 0 0 4,303 8,395 4,091 194 498 304 32 19 13 239 216 23 1,625 2,820 1,195 125 87 38 MCEV 2,955 25 26 4,991 2,037 2,955 8,694 6,529 2,165 1,231 1,549 318 92 202 110 2,379 2,741 362 26 MCEV MCEV MCEV 12,213 MCEV 200 MCEV 12,013 486 147 73 63 17 4 MCEV 657 279 279 MCEV 1,215 MCEV MCEV 13,229 MCEV MCEV 13,229 50bp 11,911 1,318 50bp 13,905 676 12,947 282 10 13,021 208 25 13,022 206 25 13,034 195 10 13,438 209 0.9 13,210 19 0.95 13,712 483 0.95 13,161 68 0.95 13,679 450 13,385 156 1. 2. 3. Sony Life Insurance Co., Ltd. 2015 025

273 41 4031 30 % 25 26 25 26 1 0.08 0.03 0.11 0.23 5 0.20 0.13 1.72 1.37 10 0.64 0.40 2.72 1.92 20 1.50 1.14 3.37 2.30 30 1.70 1.36 3.56 2.54 40 1.78 1.46 4140 5150 26 26 1 0.15 0.46 5 0.28 1.53 10 0.58 2.02 20 1.15 2.32 30 1.36 2.39 40 1.44 2.41 50 2.39 % 273 26 MCEV Milliman, Inc. http://www.sonylife. co.jp/ MCEV273MCEV http://www.sonylife.co.jp/) 23 26 7,455 26 7,242 2,870 259 18 2,934 7,455 2,185 * MCEV * VaR99.5%EU QIS 026 Sony Life Insurance Co., Ltd. 2015

PART 2 Sony Life Insurance Co., Ltd. 2015 027

2 028 Sony Life Insurance Co., Ltd. 2015

Sony Life Insurance Co., Ltd. 2015 029 10

B.T.P. 36 B.T.P. B.T.P. 1B.T.P.12 B.T.P.6 B.T.P.12 B.T.P.24 B.T.P.36 O.J.T. C.I.P. 4 8 B.T.P. 1 1 2771 B.T.P. 6 26 B.T.P. 12212 B.T.P. 24224 B.T.P. 36236 O.J.T. 36 B.T.P. B.T.P. B.T.P. F 6 FP AFP 1 2 FP AFP 1FP CFP 030 Sony Life Insurance Co., Ltd. 2015

P.T.P. P.T.P. PA PA 18 PA PA PA F 2771 6 P.T.P. SLBCSony Life Business College 7 6 FP AFP 2 FP AFP 1FP CFP PA PC 5 Sony Life Insurance Co., Ltd. 2015 031

Sony Life Academy S.L.A. 15 194 273 Sony Life Academy S.L.A. S.L.A. S.L.A. 347 Sony Life Academy FP 1 120 2 3,038 2761 321 AFP Affiliated Financial Planner AFP880 2761 FPFP FP CFP Certified Financial Planner CFP 77 2761 4CFP BOARDCFP FP FP 032 Sony Life Insurance Co., Ltd. 2015

Million Dollar Round TableMDRT 714 2,000268 MDRT MDRT MDRTMDRT MDRT Japan Association of Insurance and Financial Advisors JAIFA JAIFA 37 14 JAIFA244 682276 1 MDRT2610 JAIFA274 JAIFA JAIFA35 274JAIFAJAIFA 2 Sony Life Insurance Co., Ltd. 2015 033

CD-ROM CD-ROM 034 Sony Life Insurance Co., Ltd. 2015

Sony Life Insurance Co., Ltd. 2015 035

& 036 Sony Life Insurance Co., Ltd. 2015

Sony Life Letter Sony Life Letter E Sony Life Insurance Co., Ltd. 2015 037

LiPSS 2 LiPSS LiPSS STEP 1 038 Sony Life Insurance Co., Ltd. 2015

STEP 2 LiPSS LiPSS STEP 3 LiPSS Sony Life Insurance Co., Ltd. 2015 039

24C-SAAF LiPSS3839 C-SAAFConsulting-Sales and Follow system 040 Sony Life Insurance Co., Ltd. 2015

CSM SLIM SLIM Sony Life Letter 42 SLIM Sony Life Insurance Co., Ltd. 2015 041

Sony Life Letter Sony Life Letter WEB WEB Sony Life Letter E 042 Sony Life Insurance Co., Ltd. 2015

26 26 5,137 30 243 2,077 7,487 2,488 128,381 81,604 44 12,132 224,649 26 0 0 0 0 0 0 0 0 0 0 5 0 0 15 20 1 0 0 0 1 59 3 1 0 63 2 0 75 10 87 0 0 0 1 1 67 3 76 26 172 0 1 1 0 0 2 0 0 0 0 0 0 2 294 170 0 16 482 0 0 0 0 0 0 23 57 9 0 2 91 0 154 10,848 29 20 11,051 0 16 15 0 35 66 25 522 11,043 29 73 11,692 Sony Life Insurance Co., Ltd. 2015 043

10 3 Sony Life Letter 31 Sony Life Letter 196 207 1910 224 2010 194 196 196 214 245 196 198 044 Sony Life Insurance Co., Ltd. 2015

Sony Life Insurance Co., Ltd. 2015 045 204 1910 198 221 197 201 204 221 184 193 195 225 235 1812 195 203

261014 60 60 123 265 35 1,000 1,000 55 610 65 832 60 29,160 35 60 98 1 1,00060 2 2 25 19,680 103.0% 19,360 105.2% 30 23,600 102.9% 23,210 104.9% 35 29,160 102.8% 28,550 104.8% 40 37,490 102.7% 36,400 104.7% 45 51,140 102.5% 48,980 104.5% 1 98 2 9826102 2 046 Sony Life Insurance Co., Ltd. 2015

14 14 1414 123 265 35 20 60 60 2 7,040 1,980 20602 1 20 35 14 56 20235 2 2 25 6,340 86.1% 5,220 97.3% 30 6,620 85.9% 5,400 94.7% 35 7,040 86.9% 5,680 94.3% 40 7,560 88.9% 3 3 60 1 14 2 1426102 2 3 Sony Life Insurance Co., Ltd. 2015 047

275 15 1 60 1,000 1.0357% 2 1,155 1 115 216 1 2 2 2 15 1 2 15112 1,000 2 2 3 1 5 10 15 50 1.6001% 1,240 100.3% 104.1% 107.6% 60 1.0357% 1,155 99.5% 103.1% 106.2% 70 0.5698% 1,085 98.5% 101.6% 104.0% 2 2 3 1 5 10 15 50 1.9941% 1,299 100.3% 104.2% 108.1% 60 1.3375% 1,200 99.6% 103.4% 107.0% 70 0.7870% 1,118 98.9% 102.3% 105.3% 1 2 % 1002 3 46 48 048 Sony Life Insurance Co., Ltd. 2015

Sony Life Insurance Co., Ltd. 2015 049

111 1 URLhttp://www.sonylife.co.jp/ PCURLhttp://www.sonylife.co.jp/gakushi/index.html URLhttp://www.sonylife.co.jp/smart/gakushi/index.html PostPet So-net Facebook Facebook CM 050 Sony Life Insurance Co., Ltd. 2015

URLhttp://www.sonylife.co.jp/kids/ 6 URLhttp://www.sonylife.co.jp/otona/ 50 50 244 50URLhttp://www.sonylife.co.jp/ritakatsu/ 6 Keyword 6 KeywordURLhttp://www.sonylife.co.jp/company/knowledge/keyword/ 35 URLhttp://www.sonylife.co.jp/company/knowledge/origin/ Sony Life Insurance Co., Ltd. 2015 051

CM 274 CM CM? CM 3 277 052 Sony Life Insurance Co., Ltd. 2015

Sony Life Insurance Co., Ltd. 2015 053 MCC VOC VOC VOC Voice Of Customer= VOC2771

8 % 24 25 26 68,616 18.4 53,579 13.8 76,161 18.9 63,639 17.0 66,255 17.0 66,782 16.6 12,794 3.4 12,723 3.3 18,276 4.5 19,331 5.2 24,520 6.3 26,015 6.5 166,207 44.5 163,476 42.0 161,603 40.2 5,451 1.5 10,243 2.6 10,311 2.6 37,243 10.0 58,297 15.0 43,074 10.7 373,281 100.0 389,093 100.0 402,222 100.0 0120-158-821 9:0017:30 0120-158-679 9:0021:00 9:0017:30 % 24 25 26 4,388 16.7 4,793 13.2 5,784 14.6 3,328 12.7 5,098 14.0 5,239 13.2 11,453 43.6 16,347 45.0 18,139 45.9 2,455 9.3 3,573 9.8 3,727 9.4 4,651 17.7 6,526 18.0 6,667 16.9 26,275 100.0 36,337 100.0 39,556 100.0 ADRADRAlternative Dispute Resolution= ADR ADR ADR ADR URL 03-3286-26489:00 17:00 http://www.seiho.or.jp/contact/index.html 054 Sony Life Insurance Co., Ltd. 2015

1264,279 267 84,279 0.5% 1.4% 3.0% 0.9% 6.6% 1.3% 2.8% 0.4% 4.5% 4.9% 24.5% 33.9% 29.1% 69.6% 69.6 4.9 8.6% 22.7% 24.4% 68.5 61 16.2 16.2% 27.9% 68.5% 25 Sony Life Insurance Co., Ltd. 2015 055

Sony Life Insurance Co., Ltd. 2015 056 3 30 30 40 50 3 30 50 1415 50 Hot Voice 1

Sony Life Insurance Co., Ltd. 2015 057 26102 3 2610 14 132 26102 26 102 26 URLhttp://www.sonylife.co.jp/company/management/cs/cases.html

26425 URL http://www.sonylife.co.jp/ 058 Sony Life Insurance Co., Ltd. 2015

PART 3 Sony Life Insurance Co., Ltd. 2015 059

Sony Life Insurance Co., Ltd. 2015 060 SFH SFH 1 SFH 1

1 1. 4. 5. 6. 7. 2. 3. BCP 8. 9. Sony Life Insurance Co., Ltd. 2015 061

ERMEnterprise Risk Management ERM MCEV ROEVMCEV MCEV MCEV ERM 062 Sony Life Insurance Co., Ltd. 2015

Sony Life Insurance Co., Ltd. 2015 063 ERM 2771 ALM ALM ALM

064 Sony Life Insurance Co., Ltd. 2015

Sony Life Insurance Co., Ltd. 2015 065 BCP 26 4,785 A 10 B10 231 22 26 16

Sony Life Insurance Co., Ltd. 2015 066 IT http://www.seiho.or.jp/ http://www.sonylife.co.jp/

IC 1. 2. 1 2 3 4 3. 4. 6. 7. 8. 23 2 9. 10. ISO27001 5. 15 15 11. http://www.seiho.or.jp/ http://www.sonylife.co.jp/ Sony Life Insurance Co., Ltd. 2015 067

15627 BS7799- Part2ISMS BS7799-Part2 ISOISMSISO 18622 ISO/IEC 27001JIS Q 27001 ISMS Information Security Management System ISMS ISMS Plan Do Check Act Act Plan Check Do IS 517456 / ISO 27001 ISOJIS Q27001 068 Sony Life Insurance Co., Ltd. 2015

Sony Life Insurance Co., Ltd. 2015 069 MCC

MCC MCC MCC MCC 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 070 Sony Life Insurance Co., Ltd. 2015

1. 23 45 1 2 3SA Reinsurance Ltd. 4 5 2. 3. 1 2 3 4 4. 1 2 3 4 5. 5 1 2 Sony Life Insurance Co., Ltd. 2015 071

072 Sony Life Insurance Co., Ltd. 2015

PART 4 073

1. 2. 3. 4. ISO14001 133 ISO14001 17 19 ISO14001 International Organization for Standardization 26 CO2 CO2 CO2 CO2 CO2 25 kwh 074 Sony Life Insurance Co., Ltd. 2015

223CD-ROM CD-ROM NPO 26 45 Shinzi Katoh 24 C-SAAF 25 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 25 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 Sony Life Insurance Co., Ltd. 2015 075

One Love One Trust One Love One Trust Good Corporate Citizen http://www.sonylife.co.jp/volunteer/ 7 1 1 1 2 4 3 5 4 4 8 076 Sony Life Insurance Co., Ltd. 2015

810 20 24 205,000 2632 2,300 24 24 Sony Life Insurance Co., Ltd. 2015 077

MDRTJAIFA4 235 237 078 Sony Life Insurance Co., Ltd. 2015

26 20146 700 282 20166 http://www.son.or.jp/ 1 261,241 18,3782 410 http://www.eyemate.org/ Sony Life Insurance Co., Ltd. 2015 079

280 14 54 37 38 http://www.zenkokuladies.jp/ Facebook http://www.facebook.com/zenkokuladiestennis 080 Sony Life Insurance Co., Ltd. 2015

17 LiPSS3839 2771764 25 129 154 131 380 511 30 1 31 48 5 53 7 8 15 241 523 764 2771 18 3 19 21 3 20 56 9 21 97 31 22 100 31 23 93 56 24 100 54 25 134 67 26 143 75 2771 17 7 764 74,700 Sony Life Insurance Co., Ltd. 2015 081

15 14 1. 3 2. 3. 3 4. 3 5. 6. 7. 8. 9. 10. 8 261629 082 Sony Life Insurance Co., Ltd. 2015

1... 084 1-01... 084 1-02... 085 2... 086 2-01... 086 2-02... 088... 088 3... 089 3-01... 089 3-02... 089 3-03... 090 1.... 090 2.... 090 3.... 090 3-04... 090 1.... 090 2.... 090 4... 090 5... 091 6... 092 7... 093 7-01... 093 7-02... 093 7-03... 093 1.... 093 2.... 093 7-04... 093 8... 094 Sony Life Insurance Co., Ltd. 2015 083

1 2771 1-01 5 98 98 08 5 5 5 265 3 5 084 Sony Life Insurance Co., Ltd. 2015

1-02 92 87 95 04 04 5 5 5 08 Sony Life Insurance Co., Ltd. 2015 085

2 27730 2-01 9:00AM5:30PM 060-0042 9-1-18 SFI6F 011-242-5702 060-0042 9-1-18 SFI7F 011-251-8631 070-0035 9-1 ECS215 4F 0166-23-8900 030-0802 1-3-9 10F 017-721-1970 020-0045 2-9-1 17F 019-603-0311 990-0039 2-2-31 6F 023-615-0761 1 983-0852 4-2-3 MT15F 022-257-7878 2 983-0852 4-2-3 MT15F 022-296-5472 963-8002 2-11-1 19F 024-922-7311 310-0031 1-2-3 6F 029-231-4100 321-0964 1-3-1 KDX9F 028-650-4422 370-0849 58-1 7F 027-324-4881 1 330-0854 1-10-16 5F 048-648-5511 2 330-0854 1-10-16 5F 048-648-5600 277-0842 5-19 12 7F 04-7142-3371 1 261-7131 2-6-1 WBG31F 043-297-8920 2 261-7131 2-6-1 WBG31F 043-297-8370 3 261-7131 2-6-1 WBG31F 043-297-8380 5 261-7131 2-6-1 WBG31F 043-297-8930 1 100-0004 1-7-2 31F 03-4334-5201 2 100-0004 1-7-2 30F 03-4334-5202 3 100-0004 1-7-2 31F 03-4334-5203 4 100-0004 1-7-2 30F 03-4334-5204 5 100-0004 1-7-2 29F 03-4334-5205 6 100-0004 1-7-2 31F 03-4334-5206 7 100-0004 1-7-2 29F 03-4334-5207 8 100-0004 1-7-2 31F 03-4334-5208 3 141-0032 1-11-1 18F 03-3491-6971 4 141-0032 1-11-1 18F 03-5740-0213 5 141-0032 1-11-1 18F 03-3491-3401 1 151-0053 2-1-5 JR16F 03-5358-1701 3 151-0053 2-1-5 JR16F 03-5358-1703 4 151-0053 2-1-5 JR18F 03-5358-1704 5 151-0053 2-1-5 JR15F 03-5358-1705 6 151-0053 2-1-5 JR18F 03-5358-1706 7 151-0053 2-1-5 JR17F 03-5358-1707 8 151-0053 2-1-5 JR18F 03-5358-1708 9 151-0053 2-1-5 JR15F 03-5358-1709 10 151-0053 2-1-5 JR17F 03-5358-1710 11 151-0053 2-1-5 JR17F 03-5358-1711 12 151-0053 2-1-5 JR17F 03-5358-1712 1 151-0053 2-1-5 JR16F 03-5358-1821 2 151-0053 2-1-5 JR16F 03-5358-1702 1 100-0004 1-7-2 29F 03-4334-5300 2 100-0004 1-7-2 29F 03-4334-5300 3 100-0004 1-7-2 29F 03-4334-5300 1 220-8128 2-2-1 28F 045-225-0050 2 220-8128 2-2-1 28F 045-225-0044 3 220-8128 2-2-1 28F 045-225-0722 086 Sony Life Insurance Co., Ltd. 2015

5 220-8128 2-2-1 28F 045-225-5250 951-8066 1058-1 6F 025-224-5900 380-0823 1-12-7 7F 026-224-8211 500-8856 2-20 11F 058-252-6011 420-0035 8-20 4F 054-255-0081 410-0801 4-3-45 6F 055-952-3001 1 461-0005 1-1-10 17F 052-955-7771 2 461-0005 1-1-10 18F 052-955-7772 3 461-0005 1-1-10 17F 052-955-7773 4 461-0005 1-1-10 18F 052-955-7774 5 461-0005 1-1-10 18F 052-955-7775 8 461-0005 1-1-10 17F 052-955-7778 9 461-0005 1-1-10 17F 052-955-7779 930-0858 18-7 6F 076-443-0701 920-0853 1-5-2 4F 076-265-6300 910-0005 3-4-1 6F 0776-31-3981 1 600-8008 20 FT 7F 075-212-3001 2 600-8008 20 FT 7F 075-251-7211 3 600-8008 20 FT 7F 075-212-8350 4 600-8008 20 FT 7F 075-212-3024 1 530-0001 2-2-22 ENT 14F 06-4797-1811 3 530-0001 2-2-22 ENT 14F 06-4797-1726 4 530-0001 2-2-22 ENT 15F 06-4797-1814 6 530-0001 2-2-22 ENT 16F 06-4797-1886 7 530-0001 2-2-22 ENT 15F 06-4797-1817 8 530-0001 2-2-22 ENT 14F 06-4797-1818 2 530-0001 2-2-22 ENT 17F 06-7638-5912 5 530-0001 2-2-22 ENT 17F 06-7638-5915 6 530-0001 2-2-22 ENT 17F 06-7638-5916 650-0034 80 7F 078-333-1131 650-0034 80 7F 078-330-2323 650-0034 80 8F 078-326-2691 650-0034 80 10F 078-330-2330 670-0913 73 7F 079-284-1911 700-0024 15-1 6F 086-214-1766 730-0004 14-15 NTT 12F 082-221-9321 730-0004 14-15 NTT 12F 082-221-3281 720-0811 1-19 4F 084-927-3731 760-0019 2-1 15F 087-822-5171 790-0001 3-3-3 2F 089-948-0861 770-0832 3-12-6 6F 088-611-3121 812-0036 10-10 6F 092-283-0071 812-0036 10-10 6F 092-283-0072 802-0001 2-14-2 1610F 093-511-0211 830-0032 35-3 3F 0942-32-4311 1 850-0033 3-5 8F 095-825-2311 2 850-0033 3-5 9F 095-825-2319 860-0804 3-20 NBF4F 096-351-5700 870-0029 2-50 OASIS 21 9F 097-532-9200 Sony Life Insurance Co., Ltd. 2015 087

880-0805 4-1-2 8F 0985-60-7781 890-0053 11 3F 099-250-6030 890-0053 11 3F 099-833-3340 900-0006 1-1-12 5F 098-862-5481 2-02 9:00AM 5:30PM 060-0042 9-1-18 SFI 6F 011-272-3760 983-0852 4-2-3 MT15F 022-296-5411 963-8002 2-11-1 19F 024-922-7685 321-0964 1-3-1 KDX 3F 028-643-7601 330-0854 1-10-16 15F 048-649-4411 1 163-0541 1-26-2 41F 03-6911-3394 2 163-0541 1-26-2 41F 03-5539-0170 3 163-0541 1-26-2 41F 03-6911-3354 1 163-0511 1-26-2 11F 03-6911-3724 2 163-0511 1-26-2 11F 03-6911-3726 3 163-0511 1-26-2 11F 03-6911-3393 4 163-0511 1-26-2 11F 03-6911-3395 5 163-0511 1-26-2 11F 03-6911-3379 163-0511 1-26-2 11F 03-6911-3646 163-0511 1-26-2 11F 03-6911-3980 221-0835 2-23-2 TS5F 045-326-4315 190-0012 2-35-2 A-ONE9F 042-526-5600 1 460-0008 3-3-21 9F 052-238-0215 2 460-0008 3-3-21 9F 052-238-0229 460-0008 3-3-21 9F 052-238-0214 422-8062 2-1-1 3F 054-202-5110 920-0919 5-20 7F 076-260-1711 530-0001 2-2-22 ENT 16F 06-4797-1047 1 530-0001 2-2-22 ENT 16F 06-4797-1864 2 530-0001 2-2-22 ENT 16F 06-4797-1865 3 530-0001 2-2-22 ENT 16F 06-4797-1866 600-8008 20 FT 4F 075-223-3811 651-0096 4-2-2 9F 078-231-2411 730-0004 14-15 NTT 12F 082-221-3231 700-0024 15-1 6F 086-214-1751 790-0001 3-3-3 2F 089-943-9211 1 812-0036 10-10 6F 092-283-0132 2 812-0036 10-10 6F 092-283-0136 802-0001 2-14-2 16 10F 093-522-0311 860-0012 9-6 7F 096-322-5451 892-0844 2-30 3F 099-216-3511 24 25 26 1,973 1,974 1,912 088 Sony Life Insurance Co., Ltd. 2015

3 2771 3-01 900% * 1 * 2 * 2 * 2 * 1 * 2 3-02 ALM VOC ITIT Sony Life Insurance Co., Ltd. 2015 089

3-03 1. 24 25 26 1,694 1,816 1,924 887 902 (925) 807 914 (999) 4,629 4,737 4,857* 4,590 4,678 4,782 39 59 75 * 26 4,329 2. 24 25 26 290 245 254 42 48 (55) 248 197 (199) 388 444 419 380 422 388 8 22 31 3. 24 25 26 39.4 8.8 39.9 8.9 39.7 8.4 41.7 11.0 41.9 11.4 (41.6) (11.2) 36.9 6.5 37.9 6.4 (38.1) (5.9) 45.4 10.4 45.5 10.2 45.6 10.4 45.4 10.5 45.6 10.3 45.7 10.5 40.0 5.0 40.3 2.4 40.4 2.2 3-04 1. 253 263 273 424 399 395 3 2. 253 263 273 662 594 656 3 4 PwC PwC2771 090 Sony Life Insurance Co., Ltd. 2015

Sony Life Insurance Co., Ltd. 2015 091 2771 5 1 2

6 1. 2. 3. 4. 12 092 Sony Life Insurance Co., Ltd. 2015

7 7-01 54 810 400 400 2126 7,000 18,000 541221 800 1,200 3117 4,000 22,000 55 926 1,800 3,000 9730 28,000 50,000 57 25 1,500 4,500 11 930 10,000 40,000 61 95 1,000 5,500 13 327 25,000 65,000 63 106 5,500 11,000 20 523 5,000 70,000 7-02 27 71 100,000 70,000 1 7-03 1. 70,000 27 71 2. 27 71 70,000 100% 7-04 1-1-1 27 71 19,900 1641 100% Sony Life Insurance Co., Ltd. 2015 093

8 54 1979 6 8 4 9 111 12 12 55 1980 2 9 30 56 1981 2 4 52 4 27 55 57 1982 2 45 6 58 1983 4 7 59 1984 6 60 198511 61 1986 9 55 10 62 1987 7 9 5030 10 55 63 198810 110 11 1989 4 6 1 8 10 10 2 1990 6 12 180 3 1991 2 4 10 6 2 7 11 220 4 1992 4 8 11 5 1993 2 3 9 50 30 105 5 6 1994 5 8 15 9 60 30 10 12 5 7 199512 8 1996 1 3 8 100 8 3,000 12 10 9 1997 2 5,000 4 7 500 8 5 5 10 1998 1 13 5 5 5 8 Sony Life Insurance PhilippinesCorporation 10 4,000 11 8,000 11 1999 3 16 4 8 20 9 400 10 11 Sony Life Insurance PhilippinesCorporation 12 1 12 2000 1 18 2 9 10 20 11 132001 3 500 650 ISO14001 4 5 6 7 22 9 142002 3 4 5 7 9 24 10 152003 1 5 Sony Life Acad e my 2 The Book 1 6 7 1 2 25 11 The Book 2 162004 3 26 4 100 5 6 12 27 172005 6 28 7 LIFEPLANNER VALUE 11 18 2006 1 3 2 8 1 9 Life Planning SQUARE 10 11 5 5 19 2007 3 30 4 8 AEGON 12 20 2008 4 08 5 700 10 21 2009 4 7 8 30 9 4 10 SA Reinsurance Ltd. 11 12 22 2010 2 100% 4 11 23 2011 5 7 VOC Voice Of Customer 11 12 5 24 201212 Sony Life Insurance (Philippines) CorporationParamount Life & General Insurance Corporation 25 2013 5 26 2014 1 2 5 7 9 10 14 27 2015 5 094 Sony Life Insurance Co., Ltd. 2015

1...096 1-01...096 1-02...098 1-03...100 1-04...110 1-05...112 1-06...112 1-07...112 1-08...112 1-09...113 1-10...115 01....115 02....119 03....119 1-11...122 2...124 2-01...124 01....124 02....125 03....126 04....128 05....129 06....129 07....130 08....132 2-02...132 01....132 02....132 03....132 04....133 05....133 06....133 07....133 08....133 09....134 10. 5...134 11....134 12....134 13....134 2-03...135 01....135 02....135 03....135 04....136 05....136 06....137 07....138 08....138 09....138 10....139 11....139 12....139 13....139 14....139 15....140 16....140 17....140 18....141 19....141 2-04...141 01....141 02....143 03....143 04....143 05....144 06....144 07....144 08....144 09....145 10....145 11....145 12....145 13....145 14....146 15....147 16....148 17....148 18....148 19....149 20....149 21....149 22....150 23....150 24....151 25....151 26....151 27....152 28....153 29....153 30....153 31....154 2-05...154 01....154 02....157 03....157 3...160 3-01...160 3-02...160 01....160 02. 26...160 3-03...162 01....162 02....163 03....163 04....163 4...164 4-01...164 4-02...164 4-03...164...165...166 Sony Life Insurance Co., Ltd. 2015 095

1 1-01 24 25331 25 26331 % 26 27 331 27,373 0.5 15,827 0.2 16,535 0.2 28 4 1 27,344 15,823 16,534 97,088 1.6 34,628 0.5 71,234 1.0 306,122 5.1 305,346 4.6 313,276 4.3 5,211,535 87.5 5,954,716 89.9 6,543,703 89.6 4,669,003 5,316,110 5,742,140 10,208 3,869 2,060 41,092 38,746 28,664 61,884 70,442 92,564 275,439 342,187 451,613 153,906 183,359 226,659 145,104 2.4 154,219 2.3 162,399 2.2 145,019 154,180 162,397 85 38 2 70,969 1.2 67,100 1.0 118,232 1.6 31,089 30,103 83,007 39,212 36,429 34,757 185 19 15 482 548 452 26,102 0.4 23,869 0.4 21,590 0.3 26,092 23,859 21,580 9 9 9 100 0.0 138 0.0 181 0.0 53,023 0.9 53,787 0.8 58,521 0.8 31,358 30,954 33,791 1,543 1,532 1,220 15,377 16,600 17,059 4,185 4,182 4,061 813 867 248 379 400 373 179 117 85 1,841 0.0 1,867 0.0 2,295 0.0 13,724 0.2 13,643 0.2 235 0.0 242 0.0 268 0.0 6,352 0.1 5,952,750 100.0 6,624,903 100.0 7,301,350 100.0 096 Sony Life Insurance Co., Ltd. 2015

24 25331 25 26331 % 26 27 331 5,501,850 92.4 6,152,574 92.9 6,756,882 92.5 24,646 24,702 25,449 5,472,930 6,123,633 6,727,241 4,273 4,237 4,191 2,431 0.0 2,169 0.0 2,450 0.0 547 0.0 567 0.0 585 0.0 49,844 0.8 32,812 0.5 45,619 0.6 15,586 8,702 16,742 1,222 1,213 1,412 14,079 13,566 15,399 907 939 953 1,090 823 1,783 5,307 5,058 5,076 172 728 243 21 16 656 654 665 10,577 1,832 2,842 22,770 0.4 25,389 0.4 19,725 0.3 171 0.0 66 0.0 91 0.0 32,264 0.5 41,556 0.6 42,845 0.6 32,264 41,556 42,845 120 0.0 536 0.0 536 0.0 503 0.0 5,610,417 94.2 6,255,673 94.4 6,868,824 94.1 70,000 1.2 70,000 1.1 70,000 1.0 5,865 0.1 5,865 0.1 5,865 0.1 5,865 5,865 5,865 187,698 3.2 211,461 3.2 240,028 3.3 15,478 18,138 22,128 172,219 193,323 217,900 172,219 193,323 217,900 263,563 4.4 287,327 4.3 315,893 4.3 80,283 1.3 83,416 1.3 118,113 1.6 1,513 0.0 1,513 0.0 1,480 0.0 78,769 1.3 81,903 1.2 116,632 1.6 342,333 5.8 369,230 5.6 432,526 5.9 5,952,750 100.0 6,624,903 100.0 7,301,350 100.0 Sony Life Insurance Co., Ltd. 2015 097

1-02 24 24 4 1 25331 25 25 4 1 26 331 26 26 4 1 27331 1,142,274 1,197,109 1,223,827 925,874 960,986 914,034 924,472 959,660 912,497 1,402 1,325 1,537 199,833 212,323 280,148 108,539 122,160 133,592 0 0 0 92,167 106,187 117,276 5,450 5,691 5,921 10,854 10,250 10,327 67 31 66 5,259 5,311 5,283 507 2,420 773 8,899 2 1 172 1,183 5,068 13 47 7 83,601 82,670 126,789 16,566 23,799 29,644 2,087 2,151 3,617 11,861 17,197 22,154 2,618 4,451 3,872 1,067,614 1,127,904 1,144,162 293,929 327,257 382,902 71,060 77,413 79,622 9,571 10,768 11,280 46,809 55,510 63,166 161,872 178,402 223,130 2,649 3,203 3,675 1,965 1,959 2,027 630,529 650,764 604,357 607 55 746 629,909 650,703 603,607 12 5 3 11,686 8,506 9,727 43 48 31 1,587 528 0 327 0 226 2,099 1,176 21 6 32 2,115 2,077 1,931 6,188 5,845 5,630 109,060 113,868 115,603 22,408 27,507 31,571 7,078 10,884 12,184 7,929 7,981 10,571 4,150 5,064 5,267 3,141 3,532 3,523 3 24 105 44 0 74,659 69,205 79,665 098 Sony Life Insurance Co., Ltd. 2015

24 244 1 25 331 25 25 4 1 26331 26 264 1 27 331 8,961 9,389 7,683 21 41 31 962 36 10 6,945 9,291 1,288 6,945 9,291 1,288 6,352 1,031 19 2,104 2,232 2,153 63,594 57,583 69,828 28,774 21,953 27,055 7,624 1,433 247 21,149 20,519 27,303 42,444 37,063 42,524 Sony Life Insurance Co., Ltd. 2015 099

1-03 24 244 1 25 331 25 25 4 1 26 331 26 26 4 1 27 331 63,594 57,583 69,828 2,115 2,077 1,931 4,150 5,064 5,267 962 36 10 607 55 746 629,909 650,703 603,607 12 5 3 2,104 2,232 2,153 21 6 26 6,352 2,702 2,645 2,716 3 104 24 6,945 9,291 1,288 108,539 122,160 133,592 84,465 77,861 127,440 43 48 31 1,176 1,183 5,068 14 40 31 34 37 42 18,110 18,143 17,717 766 262 281 33 20 18 9,697 9,774 3,802 2,531 4,722 6,276 552,398 531,845 443,418 115,520 129,633 142,216 43 48 31 1,966 2,273 2,202 5,821 5,392 5,103 23,443 28,837 19,015 636,642 624,926 559,281 5,300 5,100 5,300 666,251 770,519 671,343 116,492 113,909 253,267 47,922 54,102 54,199 21,142 25,405 24,618 53 1,626 571,293 680,205 443,983 65,349 55,279 115,297 481 682 53,227 2,021 2,016 30 3,500 2,500 7,282 3,255 2,301 577,071 685,622 502,013 11,200 13,300 19,950 18 12 4 11,218 13,312 19,954 0 2 0 48,352 74,006 37,314 76,108 124,461 50,455 124,461 50,455 87,769 100 Sony Life Insurance Co., Ltd. 2015

1. 24 25 26 21213 523 135 23 2. 3. 247 220 185 185 4. 5. 1 247 220 1 1 2 Sony Life Insurance Co., Ltd. 2015 101

24 25 26 2 10616 6,21515 10 107 3 6. 115 7. 3 8. 1 5 2 116 8 48 3 5 9. 26 24517 25 24517 1 2 2541 2641 3 2 6,21515 10 10 7 3 1 5 2 116 848 3 5 26 24517 25 24517 1 2 273 3 8,3812,664 274 5,991 3 6,21515 10 7 10 4 1 2 3 102 Sony Life Insurance Co., Ltd. 2015

2425 331 1. 3 40979613 4 3 3 3 2. 10331 34 14331 33 10 33111925 261 398 3. 22,363 4. 329 5. 1181 550,624 6. 619 3,797 7. 4,122 1,966 12 2,104 4,273 8. 259 9,661 9. 1 34,657 8,776 25,880 828 4,382 258 20,928 1,841 22,770 2526 331 1. 3 40979613 4 3 3 3 2. 10331 34 14331 33 10 33111925 3. 23,497 4. 323 5. 1181 640,562 6. 514 3,747 7. 4,273 2,273 5 2,232 4,237 8. 259 9,729 9. 1 2 34,657 2,896 206 266 1,032 36,994 8,776 131 727 937 284 10,289 2627 331 1. 3 40979613 4 3 3 3 2. 10331 34 14331 33 10 33111925 3. 25,485 4. 323 5. 1181 793,344 6. 1,094 3,715 7. 4,237 2,202 3 2,153 4,191 8. 259 9,869 9. 1 2 36,994 8,656 28,338 3,254 153 1,108 1,305 31,550 10,289 154 1,061 960 264 12,201 Sony Life Insurance Co., Ltd. 2015 103

2425 331 2 0.6% 5.6% 15 10 7 10 10. 12,607 11. 149,969 35,930 314 23,052 9,9316,469 3,310 35,393 2526 331 8,372 10,289 1,917 28,622 2,897 129 414 23,522 25,389 1,867 23,522 2,896 206 131 1,023 129 443 4,309 58 38 4 100 0.6 1.5 3 81 10. 35 67 11. 1,841 12. 16,000 13. 151,040 37,068 329 24,361 12,7917,240 36,907 2627 331 9,003 12,201 3,198 22,546 1,918 17,429 19,725 2,295 17,429 3,254 153 154 1,025 129 531 4,682 58 38 4 100 0.20.6 1.5 3 82 10. 26 24517 25 273 26 35 67 37 8,3812,664 274 5,991 227 18328 1232 1 11. 18,500 12. 150,223 48,178 2,166 24,439 12,3605,028 47,760 104 Sony Life Insurance Co., Ltd. 2015

Sony Life Insurance Co., Ltd. 2015 105 2627 331 2526 331 2425 331 233.33% 12. 733 711 111 711 745 13. 14,89047 14. 1 1181 ALM 2 3 233.33% 1.04% 0.85% 0.42% 326 1026331 2641 2641 33.33% 30.78% 609 597 14. 733 711 1 711 733 15. 15,27471 16. 1 1181 ALM 2 3 230.78% 4.56%2.84% 327 927331 2741 30.78% 2741 28.85% 8 3,186 3,195 33 13. 733 711 47 711 748 14. 16,17895 15. 1 1181 ALM 2 3

2425 331 ALM 4 15. 25331 : 1 27,373 27,373 2 97,088 97,088 3 306,122 306,122 4 527,787 527,787 3,874,232 4,425,970 551,737 772,496 772,496 5 129,523 138,597 9,073 15,495 16,354 858 85 85 5,750,204 6,311,874 561,669 172 172 172 172 2526 331 ALM 4 17. 26331 1 15,827 15,827 2 34,628 34,628 3 305,346 305,346 4 620,666 620,666 4,409,662 4,839,983 430,320 883,977 883,977 5 138,236 147,932 9,696 15,944 16,874 929 38 38 6,424,328 6,865,275 440,947 2627 331 ALM VaR 4 16. 16. 27331 : 1 16,535 16,535 2 71,234 71,234 3 313,276 313,276 4 761,473 761,473 4,878,792 5,718,258 839,466 862,747 862,747 5 146,442 156,822 10,380 15,954 17,067 1,112 2 2 7,066,458 7,917,416 850,958 479 479 479 479 106 Sony Life Insurance Co., Ltd. 2015

2425 331 2526 331 2627 331 1 1 2 34 12,607 422,906 1,500 5 2 : 1 5 1 5 10 10 1 27,373 2 97,088 3 15,000 3,793,600 55,000 6,041 46,800 1,300 596,850 3,917 12,440 4 43 41 130,546 50,759 28,740 4,445,450 1 129,52315,495 2 306,122 16. 1 2 1343 1.52.3% 3 642 14 0 656 1 1 2 34 16,000 22,916 1,493 5 2 1 5 1 5 10 10 1 15,827 2 34,628 3 30,600 4,281,700 106,357 18,200 28,600 32,490 680,850 4,878 13,397 4 35 2 68,691 33,480 76,487 5,068,907 1 305,346 2 138,23615,944 18. 1 2 1333 1.82.3% 3 656 14 16 654 1 1 2 34 18,500 20,570 1,620 5 2 1 5 1 5 10 10 1 16,535 2 71,234 3 198,100 4,564,300 148,131 14,400 32,290 652,650 5,590 14,420 3,977 4 2 87,772 19,990 244,810 5,369,059 1 313,276 2 146,44215,954 17. 1 2 1333 1.82.3% 3 654 14 4 665 Sony Life Insurance Co., Ltd. 2015 107

2425 331 17. 3,544877 1 69,942 2,710 67,231 2 85,184 18. 2,000 19. 1 12,500 2 7,830 3 1,718 20. 2526 331 19. 3,637 1 67,231 3,897 63,334 2 81,310 20. 3,000 21. 1 16,000 2 3 1,538 22. 9,369 2627 331 18. 4,094 1 63,334 51,218 114,552 2 163,040 1. 2. 53,119 3. 19. 6,000 20. 1 18,500 2 10,510 3 1,506 21. 1,108 22. 108 Sony Life Insurance Co., Ltd. 2015

2424 4125 331 1. 9,840 4,667 2. 3 2,066349 3. 0 4121,174 4. 327 5. 65 71 6. 172 7. 5,189 8. 2,293 3,911 9. 160635 42,444 42,444 70,000 1 10. 3,996 2,700 305 404 414 885 129 224 11. 1 1 1 2 3 877 85 962 25 4 4 12. 2525 4126 331 1. 11,085 4,211 2. 1 67398 3. 487 41 4. 109 11 5. 172 6. 4,572 7. 2,284 4,799 8. 152947 37,063 37,063 70,000 1 9. 2626 4127 331 1. 10,463 2,612 2. 7,601 1,298 3. 0 4. 45 15 5. 28453 40 6. 479 7. 4,308 8. 2,154 4,997 9. 160749 42,524 42,524 70,000 1 10. 2424 4125 331 1. 27,373 97,088 124,461 2. 2525 4126 331 1. 15,827 34,628 50,455 2. 2626 4127 331 1. 16,535 71,234 87,769 2. Sony Life Insurance Co., Ltd. 2015 109

1-04 24 24 4125 331 70,000 5,865 5,865 13,238 143,096 156,335 232,200 34,032 1,395 32,636 264,836 2,240 13,440 11,200 11,200 11,200 42,444 42,444 42,444 42,444 118 118 118 118 46,251 118 46,133 46,133 2,240 29,123 31,363 31,363 46,251 118 46,133 77,496 70,000 5,865 5,865 15,478 172,219 187,698 263,563 80,283 1,513 78,769 342,333 25 25 4126 331 70,000 5,865 5,865 15,478 172,219 187,698 263,563 80,283 1,513 78,769 342,333 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 18,138 193,323 211,461 287,327 83,416 1,513 81,903 369,230 26 26 4127 331 70,000 5,865 5,865 18,138 193,323 211,461 287,327 83,416 1,513 81,903 369,230 5,991 5,991 5,991 5,991 70,000 5,865 5,865 18,138 199,315 217,453 293,318 83,416 1,513 81,903 375,221 3,990 23,940 19,950 19,950 19,950 42,524 42,524 42,524 42,524 34,696 33 34,729 34,729 3,990 18,584 22,574 22,574 34,696 33 34,729 57,304 70,000 5,865 5,865 22,128 217,900 240,028 315,893 118,113 1,480 116,632 432,526 110 Sony Life Insurance Co., Ltd. 2015

2424 4125 331 1. 70,000 70,000 70,000 70,000 2525 4126 331 1. 70,000 70,000 70,000 70,000 2626 4127 331 1. 70,000 70,000 70,000 70,000 2. 1 24612 25327 25 610 9,100 2,100 1 130 30 24 331 24 612 25 327 2 1 11,200 160 25 25 331 610 2. 1 25610 26327 11,200 2,100 1 160 30 25 331 25 610 26 327 2 1 26 69 13,300 190 26 26 331 69 2. 1 2669 27326 27 69 13,300 6,650 1 190 95 26 331 26 69 27 326 2 1 14,700 27 27 210 331 69 3. 3. 3. 2424 4125 331 2525 4126 331 2626 4127 331 2424 4125 331 2525 4126 331 2626 4127 331 2424 4125 331 2525 4126 331 2626 4127 331 Sony Life Insurance Co., Ltd. 2015 111

1-05 436 21 PwC PwC2771 1-06 24 25 26 147,608 156,815 165,075 147,608 156,815 165,075 % 1. 2. 3. 333 12 123 4. 13 1-07 1-08 112 Sony Life Insurance Co., Ltd. 2015

1-09 24 25 26 872,502 954,157 1,078,363 252,363 274,027 301,193 32,264 41,556 42,845 59,561 63,671 68,707 0 0 0 90%100% 114,602 118,354 158,917 85%100% 2,012 75 15,325 464 174 212 70,604 78,868 81,201 372,561 400,056 429,392 27,907 20,626 16,433 2,000 3,000 R1+R8 2 +R2+R3+R7 2 +R4 76,472 80,904 84,411 R1 21,871 22,512 23,045 R8 8,307 8,368 8,422 R2 29,054 29,616 30,138 R7 11,474 12,896 14,373 R3 27,592 30,023 31,493 R4 1,966 2,068 2,149 A 12 100 2,281.8% 2,358.7% 2,555.0% 1. 86 87 850 2. 24 25 26 1=+++ 65,034 70,562 81,598 59,527 66,249 73,013 5,517 4,303 8,394 10 10 190 2= 51,065 57,098 62,768 56,104 62,556 68,688 322 415 428 595 636 687 3,730 4,002 4,296 a 3,725 4,000 4,293 b 4 1 2 390 403 508 A1 2 13,968 13,464 18,830 3 5,517 4,303 8,394 B1 2 3 8,451 9,161 10,435 Sony Life Insurance Co., Ltd. 2015 113

24 25 26 855,444 931,256 1,066,059 247,803 267,645 299,756 32,264 41,556 42,845 59,561 63,671 68,707 0 0 0 90100 114,602 118,354 158,917 85100 2,012 75 15,325 2,768 1,918 464 174 212 70,604 78,868 81,201 372,561 400,056 429,392 32,467 27,008 17,870 7,938 9,369 10,510 R1 2 +R5 2 +R8+R9 2 +R2+R3+R7 2 +R4+R6 73,071 77,160 80,300 R1 21,871 22,512 23,045 R5 R6 R8 8,307 8,368 8,422 R9 R2 29,054 29,616 30,138 R7 11,474 12,896 14,373 R3 23,934 26,023 27,118 R4 1,892 1,988 2,061 A 12 100 2,341.3% 2,413.8% 2,655.1% 1. 86 2 88 23 23 2. 3. 25 24 114 Sony Life Insurance Co., Ltd. 2015

1-10 1. 24 25 26 527,787 70,801 620,666 50,776 761,473 89,147 a. 24 25 3,874,232 4,425,970 551,737 551,737 4,409,662 4,839,983 430,320 430,394 73 955,999 1,079,296 123,296 123,344 47 1,065,514 1,189,899 124,384 124,420 35 925,308 1,036,956 111,648 111,648 1,035,912 1,146,757 110,844 110,866 22 14,760 20,994 6,233 6,281 47 12,236 21,205 8,968 8,972 3 14,454 18,681 4,226 4,226 15,891 19,403 3,511 3,521 10 14,454 18,681 4,226 4,226 15,891 19,403 3,511 3,521 10 1,476 2,664 1,188 1,188 1,474 2,533 1,059 1,059 4,830,232 5,505,267 675,034 675,082 47 5,475,177 6,029,882 554,705 554,814 109 4,756,200 5,410,686 654,486 654,486 5,385,143 5,913,448 528,305 528,327 22 14,760 20,994 6,233 6,281 47 12,236 21,205 8,968 8,972 3 57,795 70,922 13,126 13,126 76,323 92,695 16,371 16,455 84 57,795 70,922 13,126 13,126 76,323 92,695 16,371 16,455 84 1,476 2,664 1,188 1,188 1,474 2,533 1,059 1,059 Sony Life Insurance Co., Ltd. 2015 115

26 4,878,792 5,718,258 839,466 839,567 101 1,007,822 1,176,698 168,875 168,984 108 974,613 1,120,126 145,512 145,512 13,421 29,496 16,075 16,075 19,451 26,412 6,961 7,069 108 19,451 26,412 6,961 7,069 108 336 663 326 326 5,886,614 6,894,956 1,008,341 1,008,551 210 5,775,323 6,736,583 961,259 961,361 101 13,421 29,496 16,075 16,075 97,533 128,214 30,680 30,788 108 97,533 128,214 30,680 30,788 108 336 663 326 326 1. 2. 26 268,742 45,208 3. 24 25 26 3,874,232 4,425,970 551,737 4,404,321 4,834,716 430,394 4,858,704 5,698,272 839,567 3,830,891 4,373,729 542,837 4,349,230 4,766,691 417,460 4,780,622 5,596,470 815,848 43,341 52,240 8,899 55,090 68,024 12,933 78,082 101,801 23,719 5,341 5,267 73 20,087 19,985 101 20,087 19,985 101 5,341 5,267 73 116 Sony Life Insurance Co., Ltd. 2015

24 25 26 952,101 1,075,445 123,344 1,017,996 1,142,416 124,420 1,004,852 1,173,837 168,984 925,308 1,036,956 111,648 989,552 1,100,419 110,866 974,613 1,120,126 145,512 10,862 17,143 6,281 12,041 21,013 8,972 13,421 29,496 16,075 14,454 18,681 4,226 14,928 18,450 3,521 16,481 23,551 7,069 1,476 2,664 1,188 1,474 2,533 1,059 336 663 326 3,898 3,850 47 47,518 47,482 35 2,969 2,861 108 46,360 46,338 22 3,898 3,850 47 195 191 3 962 952 10 2,969 2,861 108 b. 24 25 26 12,607 16,000 18,500 20,372 17,289 14,492 4 948 823 663 19,419 16,466 13,828 32,980 33,289 32,992 Sony Life Insurance Co., Ltd. 2015 117

c. ba 24 25 3,874,232 4,425,970 551,737 551,737 4,409,662 4,839,983 430,320 430,394 73 12,607 12,607 16,000 16,000 976,372 1,103,708 127,335 128,555 1,219 1,082,804 1,214,309 131,504 131,986 481 925,308 1,036,956 111,648 111,648 1,035,912 1,146,757 110,844 110,866 22 14,765 20,998 6,233 6,281 47 12,236 21,205 8,968 8,972 3 15,403 20,083 4,679 4,679 16,714 21,129 4,414 4,424 10 14,454 18,681 4,226 4,226 15,891 19,403 3,511 3,521 10 948 1,401 452 452 823 1,725 902 902 20,895 25,669 4,774 5,946 1,171 17,940 25,217 7,277 7,723 446 4,863,212 5,542,285 679,073 680,292 1,219 5,508,467 6,070,292 561,825 562,381 555 4,756,200 5,410,686 654,486 654,486 5,385,143 5,913,448 528,305 528,327 22 24,872 31,106 6,233 6,281 47 24,236 33,205 8,968 8,972 3 61,244 74,823 13,578 13,578 81,146 98,420 17,273 17,357 84 57,795 70,922 13,126 13,126 76,323 92,695 16,371 16,455 84 3,448 3,901 452 452 4,823 5,725 902 902 20,895 25,669 4,774 5,946 1,171 17,940 25,217 7,277 7,723 446 26 4,878,792 5,718,258 839,466 839,567 101 18,500 18,500 1,022,315 1,198,889 176,574 177,188 614 974,613 1,120,126 145,512 145,512 13,421 29,496 16,075 16,075 20,115 28,488 8,373 8,482 108 19,451 26,412 6,961 7,069 108 663 2,076 1,412 1,412 14,165 20,778 6,613 7,118 505 5,919,607 6,935,647 1,016,040 1,016,756 715 5,775,323 6,736,583 961,259 961,361 101 26,421 42,496 16,075 16,075 103,697 135,790 32,092 32,201 108 97,533 128,214 30,680 30,788 108 6,163 7,576 1,412 1,412 14,165 20,778 6,613 7,118 505 118 Sony Life Insurance Co., Ltd. 2015

2. 24 25 306,122 306,122 305,346 305,346 26 313,276 313,276 50 24 25 267,865 306,071 38,206 38,206 268,042 305,296 37,253 37,253 26 268,017 313,225 45,208 45,208 3. 1. 2. 3. 4. 5. Sony Life Insurance Co., Ltd. 2015 119

1. 24 25 172 172 172 172 26 139 7 612 479 139 7 612 479 2. 24 25 1 1 26 1 1,000 1,000 139 139 139 1 1 3 3 5 24 5 7 % 7 10 10 % 1 1 3 3 5 25 5 7 7 10 10 1 1 3 3 5 26 5 7 % 7 10 10 1,000 1,000 1.89 1.89 0.15 0.15 1,000 1,000 120 Sony Life Insurance Co., Ltd. 2015

24 25 1 1 26 1 21,282 7 7 10,364 93 93 9,968 115 115 949 15 15 7 1. 2. 24 25 1 1 26 1 21,903 612 612 612 3. Sony Life Insurance Co., Ltd. 2015 121

1-11 24 25 26 A 80,045 72,365 76,505 2,420 2,130 14,447 479 2,420 773 8,899 172 1,183 5,068 3,351 949 6,011 1,587 528 0 327 226 2,099 1,176 34 420 3,910 B 931 1,180 8,435 AB 79,114 73,545 84,940 4,454 4,340 5,275 4,223 4,110 5,035 21 6 31 209 223 207 C 4,454 4,340 5,275 ABC 74,659 69,205 79,665 1. 26 A5,283 28 3,693 217 207 2. 25 A5,311 227 193 223 3. 24 A5,259 34 209 122 Sony Life Insurance Co., Ltd. 2015

24 25 26 1,139,854 1,194,979 1,209,380 925,874 960,986 914,034 924,472 959,660 912,497 1,402 1,325 1,537 192,154 204,881 260,390 108,539 122,160 133,592 2 1 0 13 47 7 83,601 82,670 126,789 16,566 23,799 29,644 2,087 2,151 3,617 11,861 17,197 22,154 2,618 4,451 3,872 5,259 5,311 5,311 1,059,808 1,122,613 1,132,874 293,929 327,257 382,902 71,060 77,413 79,622 9,571 10,768 11,280 46,809 55,510 63,166 161,872 178,402 223,130 2,649 3,203 3,675 1,965 1,959 2,027 626,096 646,203 595,420 8,313 7,777 7,377 43 48 31 0 0 0 2,115 2,077 1,931 6,153 5,652 5,413 109,060 113,868 115,603 22,408 27,507 31,571 7,078 10,884 12,184 7,929 7,981 10,571 4,150 5,064 5,267 3,141 3,532 3,523 3 24 105 44 0 80,045 72,365 76,505 24 25 26 21 84 130 2.31% 2.35% 2.35% 2.12% 2.20% 2.36% 2.27% 2.18% 2.12% Sony Life Insurance Co., Ltd. 2015 123

2 2-01 1. % 24 25 5,958,963 106.4 37,366,333 104.6 6,236,000 104.6 38,628,089 103.4 82,261 115.0 412,709 111.6 94,413 114.8 466,915 113.1 1,345,632 106.1 1,405,237 104.4 56,503 97.7 55,196 97.7 26 % 6,552,685 105.1 40,391,018 104.6 119,419 126.5 597,682 128.0 1,442,198 102.6 17,210 31.2 1. 2. 24 25 % 607,184 105.1 4,396,676 106.1 4,396,676 517,946 85.3 3,814,291 86.8 3,814,291 13,343 98.5 57,931 100.5 57,931 15,719 117.8 75,088 129.6 75,088 5,602 150.7 5,602 5,104 91.1 5,104 26 % 578,831 111.8 4,625,700 121.3 4,625,700 27,823 177.0 145,926 194.3 145,926 5,291 103.7 5,291 1. 2. 1 124 Sony Life Insurance Co., Ltd. 2015

2. % 24 25 26 654,723 105.3 680,005 103.9 714,620 105.1 15,214 110.6 16,980 111.6 21,107 124.3 669,937 105.4 696,986 104.0 735,728 105.6 158,686 106.5 167,075 105.3 172,800 103.4 % 24 25 26 71,069 103.5 61,269 86.2 71,795 117.2 2,193 99.6 2,723 124.1 4,816 176.9 73,263 103.4 63,992 87.3 76,612 119.7 18,397 107.6 13,486 73.3 15,285 113.3 1. 1 1 2. Sony Life Insurance Co., Ltd. 2015 125

3. 24 25 26 126 4,569,665 34,556,341 4,743,523 35,556,338 4,958,598 37,129,771 577,454 3,039,828 610,296 3,188,877 685,767 3,602,970 18,494 165,529 46,680 476,044 15,557 147,918 15,090 140,607 14,621 133,183 326,084 2,714,103 332,430 2,711,866 338,058 2,710,522 1,274 11,823 1,245 11,522 1,217 11,128 561,924 3,189,482 564,387 3,179,370 552,782 3,085,149 4,537 8,221 4,317 7,738 4,092 7,255 453,085 1,542,262 511,682 1,763,371 532,627 1,831,852 41,301 164,163 1,398 45,078 1,352 44,305 1,288 43,018 203,903 5,376,396 221,528 5,764,089 245,845 6,340,146 3,599 57,892 3,293 49,569 2,898 40,801 90,312 1,881,168 86,423 1,783,849 83,600 1,709,811 66,044 1,246,725 68,650 1,297,123 69,811 1,321,041 48,994 435,942 58,577 534,460 70,823 658,024 19,175 782,864 18,558 755,669 18,101 743,221 27,929 657,075 26,182 578,534 24,289 502,884 53,979 1,629,338 51,431 1,477,624 48,267 1,316,593 106 8,159 71 6,110 47 5,395 29,897 1,328,486 35,922 1,619,192 43,121 1,985,996 3,614 124,883 3,349 116,349 3,102 108,573 38,192 698,601 42,747 789,873 46,548 862,868 14,538 10,914 17,294 13,261 19,819 15,888 5 121,882 461,963 130,595 492,393 133,832 502,877 8,758 1,625 12,528 2,441 15,910 3,210 219,666 30,277 214,595 29,251 210,300 28,487 08 56,009 5,264 61,918 5,713 67,395 6,084 33,387 31,867 30,821 1,575,595 694,977 1,586,695 675,752 1,594,273 656,479 12,708 5,301 11,946 5,025 11,308 4,787 5 65 1,329 61 1,221 55 1,089 514,361 8,418,435 522,914 8,345,638 527,854 8,250,219 316,092 1,115,467 378,275 1,315,664 407,795 1,422,354 43,327 122,828 47,944 137,093 61,492 184,187 1,842 8,058 2,918 13,703 2,242 9,485 3,411 18,183 202,663 809,770 258,380 983,264 267,362 1,006,238 5 70,102 182,868 67,867 177,764 66,251 173,342 6,361 26,699 1,073,206 1,694,524 1,114,202 1,756,085 1,186,292 1,838,892 13,317 15,680 73,793 79,087 5 1,073,206 1,694,524 1,100,885 1,740,405 1,112,499 1,759,805 5,958,963 37,366,333 6,236,000 38,628,089 6,552,685 40,391,018 5 47,259 210,974 55,941 247,101 64,138 282,646 27,566 146,358 30,281 160,834 46,192 250,875 7,436 55,375 8,191 58,979 9,089 64,160 82,261 412,709 94,413 466,915 119,419 597,682 119,023 240,853 95,087 233,526 93,235 178,128 127,330 74,381 134,103 75,088 126,811 69,746 1,881,666 1,030,367 1,729,468 1,096,603 1,599,340 1,194,312 57 29 45 18 35 10 2,128,076 1,345,632 1,958,703 1,405,237 1,819,421 1,442,198 25,944 4,071 25,437 3,872 21,525 2,505 165,990 52,431 159,268 51,324 59,871 14,704 191,934 56,503 184,705 55,196 81,396 17,210 1. 5 2. 3. 5 4. 55 5. 6. 7. 8. Sony Life Insurance Co., Ltd. 2015

24 25 26 471,677 4,118,758 369,707 3,424,239 434,256 4,321,409 42,542 175,568 48,549 213,026 91,162 444,259 18,725 164,923 29,162 265,734 85 1,580 1 10 4 22 13,610 70,372 12,795 69,174 71,004 420,177 21,388 121,846 6,714 38,968 351 484 314 463 267 408 97,266 382,026 71,722 273,274 44,824 172,252 41,636 165,826 72 2,266 28 1,547 34,840 1,065,331 28,617 868,575 41,925 1,254,219 4,020 97,588 4,107 89,827 5,196 106,237 9,275 233,433 7,430 190,682 6,394 171,229 12,238 125,213 13,035 129,636 19,938 191,091 995 55,416 919 46,356 1,147 61,399 6,758 301,579 7,982 373,702 9,431 460,524 582 19,985 231 6,658 180 6,330 8,245 151,982 7,520 147,705 7,242 141,832 3,928 3,164 3,786 3,067 4,285 4,191 5 42,509 157,066 12,916 48,199 8,532 33,144 3,642 698 4,369 928 4,214 925 3,241 274 3,775 365 4,541 482 08 11,505 962 8,729 761 8,839 769 2,250 2,071 2,454 116,325 27,937 89,883 19,756 83,378 16,708 5 56,941 895,997 36,234 652,550 37,807 715,699 33,819 114,312 91,693 304,877 54,786 194,725 2,993 8,424 8,095 23,461 16,235 50,354 1,870 7,954 1,134 4,224 2,272 9,417 1,242 6,933 18,516 78,964 76,511 254,597 27,792 99,207 5 12,310 26,923 2,945 9,446 1,916 6,970 6,467 27,034 101,688 163,604 56,546 85,174 89,789 109,565 13,326 15,693 60,953 64,004 5 101,688 163,604 43,220 69,481 28,836 45,560 607,184 4,396,676 517,946 3,814,291 578,831 4,625,700 5 11,816 49,516 10,486 45,780 10,252 46,040 1,527 8,414 5,233 29,308 17,571 99,885 13,343 57,931 15,719 75,088 27,823 145,926 9,903 1,796 828 6 2,162 4,248 2,822 3,805 14,997 5,098 764 1,043 12,725 5,602 15,825 5,104 2,926 5,291 1. 5 2. 3. 4. 5. 1 6. Sony Life Insurance Co., Ltd. 2015 127

4. 24 25 26 35,671,808 36,872,003 38,552,125 97,350 108,424 144,044 1,345,602 1,405,218 1,442,187 37,017,411 38,277,222 39,994,313 7,054,856 6,815,689 6,590,527 1,779 730 345 7,056,635 6,816,420 6,590,873 1,413,006 1,345,860 1,279,418 1,413,006 1,345,860 1,279,418 1,694,524 1,756,085 1,838,892 357,730 408,466 534,163 2,052,255 2,164,552 2,373,056 49,550 55,275 70,474 9 7 5 49,559 55,282 70,479 54,978 58,448 63,518 29 18 10 56,503 55,196 17,210 111,511 113,664 80,740 18,031 18,095 18,120 15 12 9 18,047 18,108 18,130 18,031 18,095 18,120 18,031 18,095 18,120 7,611 7,419 7,251 7,611 7,419 7,251 1. 2. 3. 4. 5. 6. 128 Sony Life Insurance Co., Ltd. 2015

5. 24 25 26 501,082 496,356 535,195 74,394 49,321 48,142 575,476 545,677 583,337 1,670,518 1,677,071 1,680,530 1,670,518 1,677,071 1,680,530 6. 24 25 26 7,613,811 7,980,007 8,419,299 14,169,640 14,722,876 15,554,558 34,556,341 35,556,338 37,129,771 992,639 1,169,086 1,193,284 1,115,467 1,315,664 1,422,354 1,694,524 1,756,085 1,838,892 412,709 466,915 597,682 3,632,540 3,484,766 3,347,551 3,422,316 3,330,923 3,242,975 513 489 467 23 21 19 55 52 50 1,340 1,295 1,252 1,303 1,281 1,259 17 16 15 5 4 4 241 241 243 6,376 6,514 6,628 1. 2. Sony Life Insurance Co., Ltd. 2015 129

7. % 24 25 26 5,602,189 35,707,301 5,958,963 37,366,333 6,236,000 38,628,089 607,184 4,396,676 517,946 3,814,291 578,831 4,625,700 15,449 53,978 15,013 55,283 13,859 49,869 19,216 111,453 19,558 111,830 17,796 105,965 196 1,639 248 2,523 309 2,241 6,084 62,621 13,612 191,967 12,015 242,220 8,945 56,515 9,719 60,056 10,379 62,727 29,089 107,644 30,587 114,426 30,525 113,452 41,135 197,491 37,478 171,793 42,765 190,478 202,965 1,652,869 193,104 1,495,343 214,052 1,857,459 39,002 243,673 37,362 224,789 34,294 215,454 11,158 709,142 18,320 847,729 16,566 823,495 5,958,963 37,366,333 6,236,000 38,628,089 6,552,685 40,391,018 6.4 4.6 4.6 3.4 5.1 4.6 356,774 1,659,032 277,037 1,261,755 316,685 1,762,928 12.0 29.1 22.3 23.9 14.3 39.7 % 24 25 26 71,560 369,759 82,261 412,709 94,413 466,915 13,343 57,931 15,719 75,088 27,823 145,926 134 657 141 632 189 932 1,179 4,332 1,311 4,019 1,718 5,933 40 188 61 317 65 354 248 157 528 325 799 641 208 1,211 401 1,858 415 1,615 2,739 14,011 3,416 18,231 2,752 14,060 281 1,381 245 1,122 308 1,487 647 3,020 769 3,679 800 3,864 82,261 412,709 94,413 466,915 119,419 597,682 15.0 11.6 14.8 13.1 26.5 28.0 10,701 42,949 12,152 54,205 25,006 130,767 3.8 0.3 13.6 26.2 105.8 141.2 130 Sony Life Insurance Co., Ltd. 2015

% 24 25 26 2,300,322 1,268,718 2,128,076 1,345,632 1,958,703 1,405,237 12,725 5,602 15,825 5,104 2,926 5,291 246,493 320,024 216,254 305,056 216,872 242,642 59 226 92,916 211,370 77,269 181,637 70,166 215,697 1,826 787 1,392 508 2,218 559 173 58 86 673 113 5,179 10,543 1,388 10,246 1,661 9,525 1,825 258,782 335,333 242,685 308,324 229,804 302,788 254,015 65,591 224,734 56,785 189,095 55,309 424,221 57,450 489,465 65,559 549,031 67,802 997 994 970 790 549 2,289 89 338 29 107 151 2,210 186 60 143 149 235 182 2,128,076 1,345,632 1,958,703 1,405,237 1,819,421 1,442,198 7.5 6.1 8.0 4.4 7.1 2.6 172,246 76,913 169,373 59,604 139,282 36,961 10.0 22.5 38.0 1. 2. % 24 25 26 181,316 57,811 191,934 56,503 184,705 55,196 246,949 2,038 244,140 2,097 234,801 2,022 9,483 2,457 8,398 2,201 4,579 1,073 91,023 35,950 191,934 56,503 184,705 55,196 81,396 17,210 5.9 2.3 3.8 2.3 55.9 68.8 10,618 1,308 7,229 1,306 103,309 37,986 1. 2. 1 3. Sony Life Insurance Co., Ltd. 2015 131

8. 1. 5 24 25 26 2.00 1.55% 1.55% 1.55% 1.20% 1.20% 1.20% 2.00 1.40% 1.40% 1.40% 1.05% 1.05% 1.05% 2. 26 5 5 301050 26112 1.00% 1 7,533 25112 1.00% 2 15,185 24112 1.50% 3 0 23112 1.50% 4 0 22112 1.50% 5 0 0 21112 1.50% 6 0 20112 1.50% 7 0 19112 1.50% 8 0 18112 1.50% 9 0 1. 27112 2. 27 11 2 2-02 1. 3. 26 1.30% 4. 24 25 26 4.6 3.4 4.6 11.6 13.1 28.0 6.1 4.4 2.6 2.3 2.3 68.8 % 2. 24 25 26 7,241 7,364 7,991 6,270 6,194 6,164 3. 24 25 26 12.3 10.2 12.0 18.2 21.0 35.7 0.4 0.4 0.4 % 132 Sony Life Insurance Co., Ltd. 2015

4. 24 25 26 5.55 4.76 5.58 5.00 5.75 3.97 5.54 4.77 5.56 4.55 4.90 5.11 % % 24 25 26 + 5.31 4.61 5.35 5. 24 25 26 11,031 11,311 12,200 6. 24 25 26 1.55 1.59 1.62 1.55 1.58 1.59 7. 24 25 26 0.094 0.110 0.095 0.101 0.063 0.106 0.075 0.028 0.126 0.041 0.095 0.027 3.576 83.789 3.543 86.717 3.608 88.526 35.236 573.425 36.157 588.196 36.673 596.877 13.580 379.866 14.166 399.877 15.567 423.462 40.561 40.357 43.526 8.458 9.465 10.695 8. % 24 25 26 11.8 11.9 12.7 Sony Life Insurance Co., Ltd. 2015 133

9. 24 25 26 4 1 4 1 4 1 10. 24 25 26 100.0 100.0 100.0 100.0 100.0 100.0 % 11. % 24 25 26 AA AA AA 96.5 91.6 86.1 A 3.5 100.0 8.4 100.0 13.9 100.0 A A BBB S&P 12. 24 25 26 20 54 128 24 13. 24 25 26 22.0 22.2 22.4 26.4 26.8 28.1 39.0 36.9 34.9 1.4 1.6 1.7 18.4 19.6 19.7 % ++ + 2 72 134 Sony Life Insurance Co., Ltd. 2015

2-03 1. 24 25 26 6,897 6,702 6,702 209 595 220 1,158 1,405 1,729 1,402 1,272 971 1,299 1,556 1,672 10,966 11,532 11,296 514 163 229 4,982 5,323 5,698 7,969 7,437 7,975 76 134 107 24,646 24,702 25,449 2. 24 25 26 5,207,101 5,840,272 6,438,959 4,707,813 5,257,428 5,728,223 499,288 582,844 710,735 149,711 164,451 202,337 106,528 115,818 131,816 43,182 48,632 70,521 52 41 26 52 41 26 56,503 55,196 17,210 56,503 55,196 17,210 5,413,369 6,059,962 6,658,533 4,870,898 5,428,484 5,877,276 542,471 631,477 781,256 59,561 63,671 68,707 5,472,930 6,123,633 6,727,241 4,930,459 5,492,156 5,945,984 542,471 631,477 781,256 3. 24 25 26 5,204,625 5,859,446 6,454,413 208,743 200,515 204,119 59,561 63,671 68,707 5,472,930 6,123,633 6,727,241 Sony Life Insurance Co., Ltd. 2015 135

4. 24 25 26 100.1 100.1% 100.1% 1. 2. 848 1980 1981 1985 32,454 6.006.25 1986 1990 52,531 6.006.25 1991 1995 553,252 2.756.25 1996 2000 1,180,300 1.904.00 2001 2005 1,376,541 1.50 2006 2010 1,517,284 1.50 2011 317,060 1.50 2012 341,829 1.50 2013 315,932 1.00 2014 172,851 1.00 1. 2. 5. 24 25 26 30,991 35,270 45,902 1. 68 2. 1. 848-2-1-3-1 2. 915.0% 3.0% 136 Sony Life Insurance Co., Ltd. 2015

6. 24 24 2,179 266 1,675 1 4,122 11 1 0 12 91 30 1,843 1 1,966 161 4 2,233 28 2,104 1,938 241 2,064 28 4,273 1,468 131 0 1,599 25 25 1,938 241 2,064 28 4,273 5 0 0 5 132 29 2,083 28 2,273 27 14 2,178 67 2,232 1,783 226 2,160 67 4,237 1,412 131 0 1,544 26 26 1,783 226 2,160 67 4,237 2 0 3 103 32 2,043 23 2,202 110 36 2,015 10 2,153 1,794 230 2,133 33 4,191 1,545 157 0 1,703 Sony Life Insurance Co., Ltd. 2015 137

7. 24 25 0 0 0 0 0 0 1 214 235 21 235 242 6 1 1 20,310 22,770 2,459 1 22,770 25,389 2,619 1 168 171 3 1 171 66 104 1 25,319 32,264 6,945 1 32,264 41,556 9,291 1 1 26 0 0 0 242 267 25 1 6,352 6,352 1 17,008 19,725 2,716 12 66 91 24 1 41,556 42,845 1,288 1 1. 101 102 56 2. 26 24517 25 27 326 8,381 8. 9. 24 25 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 70,000 5,865 5,865 5,865 5,865 5,865 5,865 5,865 5,865 26 70,000 70,000 70,000 70,000 70,000 70,000 70,000 70,000 5,865 5,865 5,865 5,865 138 Sony Life Insurance Co., Ltd. 2015

10. 24 25 26 905,514 936,009 873,718 117,473 162,027 57,458 261,534 220,465 240,743 9,485 9,986 10,343 517,021 543,530 565,171 12,045 16,469 32,642 957 3,504 16,495 3,428 3,990 5,409 190 216 238 7,469 8,757 10,498 4,206 4,523 4,855 2,705 2,658 1,280 924,472 959,660 912,497 11. 24 25 26 42,178 45,108 44,056 1,772 45,828 775 674 707 0 707 2,490 2,666 2,195 101 2,296 19,593 21,930 22,513 22,513 6,021 7,034 8,206 69 8,275 71,060 77,413 77,679 1,942 79,622 12. 24 25 26 9,571 10,768 9,249 8 2,022 11,280 13. 24 25 26 1,699 2,210 2,467 42 2,509 8,745 8,992 9,128 0 9,128 8,258 8,604 8,957 8,957 80 169 128 0 128 15,775 23,070 30,835 30,835 12,250 12,462 9,957 575 1,073 11,607 46,809 55,510 61,474 618 0 1,073 63,166 14. 24 25 26 161,872 178,402 181,503 5,676 35,950 223,130 Sony Life Insurance Co., Ltd. 2015 139

15. 24 25 % 4,637 235 2,304 2,333 49.7 4,807 262 2,446 2,361 50.9 3,442 163 1,399 2,043 40.7 3,528 176 1,490 2,037 42.3 20 0 0 19 1.7 1,194 72 905 289 75.7 1,259 86 955 304 75.8 37,262 3,911 11,169 26,092 30.0 38,095 4,799 14,235 23,859 37.4 15 3 8 6 55.6 11 2 6 5 52.6 41,915 4,150 13,482 28,432 32.2 42,915 5,064 16,688 26,226 38.9 26 % 4,857 266 2,582 2,274 53.2 3,567 178 1,574 1,993 44.1 20 4 4 15 21.7 1,269 84 1,003 266 79.0 39,825 4,997 18,244 21,580 45.8 22 3 8 13 39.0 44,705 5,267 20,836 23,869 46.6 16. 24 25 26 53,837 56,713 56,354 14,181 14,887 15,904 41,041 42,267 43,344 109,060 113,868 115,603 259 24 25 26 840 846 708 17. 24 25 26 5,243 5,205 7,232 3,599 3,763 5,840 1,274 1,306 1,252 145 131 138 223 4 1 2,685 2,776 3,338 899 940 1,576 1,670 1,712 1,642 43 42 41 0 72 80 78 7,929 7,981 10,571 140 Sony Life Insurance Co., Ltd. 2015

18. 19. 24 10 1 25 10 1 3 5 7 1 3 5 7 1 3 5 7 10 3 5 7 10 21 47 55 64 54 243 4 8 8 21 26 10 1 3 5 7 1 3 5 7 10 4 8 4 16 2-04 1. 26 1 26 10 GDP46 6.8%7 9 2.0%10 12 +1.2% 1 3 +3.9%* 10 ETF 710 10 10 0.201% 27 30.405% 0.237 10 27 3 19,206.99 4,379.16 1=103 10 12 1=121.46 2731=120.13 1=103.23 16.9 * 2 2 ALMAsset Liability Management 3 26 6 5,080 5,236 8.8% 56,068 86.2% 1,055 1.6%424 0.7% 3,1324.8%1,6232.5% 1,177 1.8%568 0.9% Sony Life Insurance Co., Ltd. 2015 141

% 24 25 26 103,321 1.9 32,617 0.5 56,818 0.9 306,122 5.7 305,346 5.1 313,276 4.8 4,683,747 86.7 5,334,049 89.1 5,783,292 88.9 4,561,048 84.4 5,190,065 86.7 5,606,885 86.2 31,106 0.6 33,205 0.6 42,496 0.7 87,428 1.6 106,752 1.8 131,627 2.0 62,022 1.1 79,835 1.3 105,556 1.6 25,406 0.5 26,916 0.4 26,070 0.4 4,164 0.1 4,026 0.1 2,283 0.0 145,104 2.7 154,219 2.6 162,399 2.5 145,019 2.7 154,180 2.6 162,397 2.5 85 0.0 38 0.0 2 0.0 70,301 1.3 66,532 1.1 117,764 1.8 13,724 0.3 13,643 0.2 80,038 1.5 78,173 1.3 74,722 1.1 235 0.0 242 0.0 268 0.0 5,402,126 100.0 5,984,341 100.0 6,508,006 100.0 41,756 0.8 58,195 1.0 82,158 1.3 24 25 26 38,452 70,704 24,201 17,824 775 7,929 569,218 650,301 449,242 585,292 629,017 416,819 13,946 2,099 9,290 2,733 19,323 24,875 2,389 17,812 25,721 5,123 1,510 845 606 138 1,743 6,195 9,114 8,180 6,236 9,161 8,216 41 47 35 2,658 3,769 51,231 13,261 80 13,643 7,819 1,864 3,451 21 6 26 623,569 582,215 523,665 1,239 16,438 23,963 142 Sony Life Insurance Co., Ltd. 2015

2. 24 25 26 0.06 0.05 0.06 1.96 1.98 1.97 2.09 2.18 2.40 2.09 2.06 2.17 5.98 2.22 3.35 0.93 8.30 12.69 3.86 3.80 3.74 0.71 0.64 0.59 5.13 5.65 4.39 2.12 2.20 2.36 1. 2. 112 % 3. 24 25 26 57,825 54,814 63,624 268,616 268,611 268,749 4,319,240 4,900,002 5,433,180 4,199,159 4,784,298 5,300,313 30,637 26,297 25,043 86,275 86,600 105,299 141,034 149,675 158,224 107 314 54 69,071 64,367 93,211 4,926,539 5,512,218 6,093,806 86,281 87,825 106,324 4. 24 25 26 108,539 122,160 133,592 5,259 5,311 5,283 507 2,420 773 8,899 2 1 172 1,183 5,068 13 47 7 116,232 129,652 153,359 Sony Life Insurance Co., Ltd. 2015 143

5. 24 25 26 43 48 31 1,587 528 0 327 0 226 2,099 1,176 21 6 32 2,115 2,077 1,931 6,188 5,845 5,630 11,686 8,506 9,727 6. 24 25 26 0 0 0 92,167 106,187 117,276 87,634 98,588 107,383 536 397 464 3,746 6,740 8,998 5,450 5,691 5,921 10,854 10,250 10,327 108,539 122,160 133,592 7. 24 25 26 3 1 7,601 2,066 673 1,298 349 98 2,420 773 8,899 8. 24 25 26 0 0 412 487 1,174 41 1,587 528 0 144 Sony Life Insurance Co., Ltd. 2015

9. 24 25 26 327 327 10. 11. 12. 24 25 26 % 4,527,332 96.7 5,158,972 96.7 5,585,685 96.6 3,490 0.1 1,003 0.0 30,224 0.6 30,089 0.6 21,200 0.4 27,108 0.6 27,016 0.5 21,200 0.4 31,106 0.7 33,205 0.6 42,496 0.7 87,428 1.9 106,752 2.0 131,627 2.3 62,022 1.3 79,835 1.5 105,556 1.8 25,406 0.5 26,916 0.5 26,070 0.5 4,164 0.1 4,026 0.1 2,283 0.0 4,683,747 100.0 5,334,049 100.0 5,783,292 100.0 13. 1 1 3 3 5 24 5 7 7 10 10 7,840 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 8,373 637 21,213 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 25,406 89 1,397 13 2,664 4,164 7,840 37,071 29,686 9,392 29,531 4,570,224 4,683,747 Sony Life Insurance Co., Ltd. 2015 145

1 1 3 3 5 25 5 7 7 10 10 20,374 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 2,058 105 1,639 19,566 30,089 33,205 33,205 2,007 7,629 13,045 16,389 3,248 64,432 106,752 5,099 12,371 1,931 60,432 79,835 2,007 7,629 7,945 4,017 1,316 4,000 26,916 58 1,136 297 2,533 4,026 20,374 21,985 29,574 16,389 70,532 5,175,193 5,334,049 26 1 1 3 3 5 5 7 7 10 10 4,028 24,052 11,155 22,101 233,584 5,488,369 5,783,292 14,960 5,447 228,796 5,336,480 5,585,685 1,635 19,564 21,200 42,496 42,496 4,028 9,091 9,982 16,207 3,152 89,165 131,627 2,022 4,044 13,413 2,410 83,665 105,556 4,028 7,069 5,937 2,793 741 5,500 26,070 1,173 446 663 2,283 4,028 24,052 11,155 22,101 233,584 5,488,369 5,783,292 10 14. 24 25 26 2.11 2.08 2.04 1.36 3.70 3.09 % 146 Sony Life Insurance Co., Ltd. 2015

15. % 24 25 26 124 0.4 1,388 4.5 1,838 5.5 2,089 4.9 326 1.1 554 1.7 1,153 2.7 444 1.4 750 2.3 1,284 3.0 645 2.1 736 2.2 1,276 3.0 108 0.3 270 0.9 357 1.1 316 0.7 1,114 3.6 1,153 3.5 1,654 3.9 3,416 11.0 4,150 12.5 5,207 12.3 2,544 8.2 2,304 6.9 3,256 7.7 131 0.4 241 0.7 362 0.9 88 0.3 313 0.7 631 2.0 631 1.9 687 1.6 807 2.6 1,062 3.2 1,760 4.1 1,786 5.7 3,041 9.2 3,314 7.8 1,038 3.3 277 0.8 4,613 14.8 1,482 4.5 2,666 6.3 10,107 32.5 12,000 36.1 13,000 30.6 363 1.2 846 2.6 984 2.3 1,349 4.3 1,685 5.1 3,058 7.2 31,106 100.0 33,205 100.0 42,496 100.0 Sony Life Insurance Co., Ltd. 2015 147

16. 24 25 26 145,019 154,180 162,397 129,523 138,236 146,442 15,495 15,944 15,954 85 38 2 85 38 2 145,104 154,219 162,399 17. 24 10 1 25 10 1 3 5 7 1 3 5 7 1 3 5 7 10 3 5 7 10 43 41 85 35 2 38 43 41 85 35 2 38 26 10 1 3 5 7 1 3 5 7 10 2 2 2 2 18. 148 Sony Life Insurance Co., Ltd. 2015

19. % 24 25 26 85 100.0 38 100.0 2 100.0 85 100.0 38 100.0 2 100.0 85 100.0 38 100.0 2 100.0 1. 2. 20. % 24 25 26 21 24.7 8 21.8 0 24.9 64 75.3 30 78.2 1 75.1 21. Sony Life Insurance Co., Ltd. 2015 149

22. % 24 25 26 85 100.0 38 100.0 2 100.0 85 100.0 38 100.0 2 100.0 23. % 24 31,469 55 434 31,089 434 41,491 401 526 2,153 39,212 20,734 34.6 512 207 21 185 141 43.3 511 93 4 117 482 1,487 75.5 3 73,678 549 965 2,293 70,969 22,363 35.9 951 69,942 224 885 2,057 67,231 20,058 34.8 877 % 25 31,089 986 30,103 39,212 464 1,118 2,129 36,429 21,972 37.6 31 185 20 171 14 19 0 1.7 482 216 10 140 548 1,524 73.6 5 70,969 700 2,285 2,284 67,100 23,497 38.8 36 67,231 346 2,223 2,021 63,334 21,050 37.8 150 Sony Life Insurance Co., Ltd. 2015

% 26 30,103 52,903 83,007 36,429 374 40 2,005 34,757 23,849 40.7 10 19 4 15 4 21.7 548 49 1 144 452 1,631 78.3 0 67,100 53,327 42 2,154 118,232 25,485 42.0 10 63,334 53,119 13 1,887 114,552 22,902 41.0 24 25 26 70,301 66,532 117,764 3,448 3,442 3,397 66,853 63,090 114,366 4 3 3 24. 25. 24 25 26 14 40 31 13 39 29 1 1 1 0 6 0 0 21 41 31 0 14 13 26. 24 25 % 57,605 2,057 20,058 37,546 34.8 55,686 2,021 21,050 34,635 37.8 56,503 1,990 19,334 37,168 34.2 54,873 1,952 20,481 34,391 37.3 326 21 141 185 43.3 14 775 44 582 192 75.1 813 54 569 243 70.0 534 58 378 155 70.9 534 55 434 100 81.3 58,140 2,115 20,437 37,702 35.2 56,221 2,077 21,485 34,736 38.2 Sony Life Insurance Co., Ltd. 2015 151

26 % 55,853 1,887 22,902 32,950 41.0 55,038 1,827 22,274 32,764 40.5 814 59 628 186 77.2 494 44 437 57 88.4 56,347 1,931 23,339 33,007 41.4 27. 24 25 % 24 25 26 18,681 21.0 36,015 33.6 61,258 46.0 1,401 1.6 1,725 1.6 2,076 1.6 21,673 24.4 20,453 19.1 18,824 14.1 41,756 47.0 58,195 54.3 82,158 61.7 47,169 53.0 49,059 45.7 51,094 38.3 47,169 53.0 49,059 45.7 51,094 38.3 88,926 100.0 107,254 100.0 133,253 100.0 % 18,757 21.5 10,967 17.7 7,790 30.7 37,125 34.8 29,742 37.3 7,383 27.4 50,441 57.7 43,341 69.9 7,100 27.9 53,980 50.6 46,847 58.7 7,132 26.5 7,714 8.8 7,714 12.4 3,246 3.0 3,246 4.1 10,515 12.0 10,515 41.4 12,400 11.6 12,400 46.1 87,428 100.0 62,022 100.0 25,406 100.0 106,752 100.0 79,835 100.0 26,916 100.0 152 Sony Life Insurance Co., Ltd. 2015

26 % 61,032 46.4 54,129 51.3 6,902 26.5 52,492 39.9 47,160 44.7 5,332 20.5 4,267 3.2 4,267 4.0 13,835 10.5 13,835 53.1 131,627 100.0 105,556 100.0 26,070 100.0 % 24 25 26 27,360 65.5 45,301 77.8 70,505 85.8 5,992 14.4 9,148 15.7 7,020 8.5 7,782 18.6 3,270 5.6 4,306 5.2 617 1.5 469 0.8 324 0.4 2 0.0 3 0.0 1 0.0 1 0.0 2 0.0 41,756 100.0 58,195 100.0 82,158 100.0 28. % 24 25 26 0.93 8.19 12.57 29. 24 25 26 29,223 75,579 28,829 29,223 75,579 28,829 29,223 75,579 28,829 30. Sony Life Insurance Co., Ltd. 2015 153

31. 24 25 2,176 246 1,855 387 179 562 0 6 440 117 2,176 246 1,855 387 179 562 0 6 440 117 26 514 18 1 445 85 514 18 1 445 85 2425 24 1,841 2-05 1. 24 25 26 1,062 40 a. 24 25 3,874,232 4,425,970 551,737 551,737 4,409,662 4,839,983 430,320 430,394 73 955,999 1,079,296 123,296 123,344 47 1,065,514 1,189,899 124,384 124,420 35 925,308 1,036,956 111,648 111,648 1,035,912 1,146,757 110,844 110,866 22 14,760 20,994 6,233 6,281 47 12,236 21,205 8,968 8,972 3 14,454 18,681 4,226 4,226 15,891 19,403 3,511 3,521 10 14,454 18,681 4,226 4,226 15,891 19,403 3,511 3,521 10 1,476 2,664 1,188 1,188 1,474 2,533 1,059 1,059 4,830,232 5,505,267 675,034 675,082 47 5,475,177 6,029,882 554,705 554,814 109 4,756,200 5,410,686 654,486 654,486 5,385,143 5,913,448 528,305 528,327 22 14,760 20,994 6,233 6,281 47 12,236 21,205 8,968 8,972 3 57,795 70,922 13,126 13,126 76,323 92,695 16,371 16,455 84 57,795 70,922 13,126 13,126 76,323 92,695 16,371 16,455 84 1,476 2,664 1,188 1,188 1,474 2,533 1,059 1,059 154 Sony Life Insurance Co., Ltd. 2015

26 4,878,792 5,718,258 839,466 839,567 101 1,007,822 1,176,698 168,875 168,984 108 974,613 1,120,126 145,512 145,512 13,421 29,496 16,075 16,075 19,451 26,412 6,961 7,069 108 19,451 26,412 6,961 7,069 108 336 663 326 326 5,886,614 6,894,956 1,008,341 1,008,551 210 5,775,323 6,736,583 961,259 961,361 101 13,421 29,496 16,075 16,075 97,533 128,214 30,680 30,788 108 97,533 128,214 30,680 30,788 108 336 663 326 326 1. 2. 26 268,742 45,208 3. b. 24 25 26 12,607 16,000 18,500 20,372 17,289 14,492 4 948 823 663 19,419 16,466 13,828 32,980 33,289 32,992 Sony Life Insurance Co., Ltd. 2015 155

c. ba 24 25 3,874,232 4,425,970 551,737 551,737 4,409,662 4,839,983 430,320 430,394 73 12,607 12,607 16,000 16,000 976,372 1,103,708 127,335 128,555 1,219 1,082,804 1,214,309 131,504 131,986 481 925,308 1,036,956 111,648 111,648 1,035,912 1,146,757 110,844 110,866 22 14,765 20,998 6,233 6,281 47 12,236 21,205 8,968 8,972 3 15,403 20,083 4,679 4,679 16,714 21,129 4,414 4,424 10 14,454 18,681 4,226 4,226 15,891 19,403 3,511 3,521 10 948 1,401 452 452 823 1,725 902 902 20,895 25,669 4,774 5,946 1,171 17,940 25,217 7,277 7,723 446 4,863,212 5,542,285 679,073 680,292 1,219 5,508,467 6,070,292 561,825 562,381 555 4,756,200 5,410,686 654,486 654,486 5,385,143 5,913,448 528,305 528,327 22 24,872 31,106 6,233 6,281 47 24,236 33,205 8,968 8,972 3 61,244 74,823 13,578 13,578 81,146 98,420 17,273 17,357 84 57,795 70,922 13,126 13,126 76,323 92,695 16,371 16,455 84 3,448 3,901 452 452 4,823 5,725 902 902 20,895 25,669 4,774 5,946 1,171 17,940 25,217 7,277 7,723 446 26 4,878,792 5,718,258 839,466 839,567 101 18,500 18,500 1,022,315 1,198,889 176,574 177,188 614 974,613 1,120,126 145,512 145,512 13,421 29,496 16,075 16,075 20,115 28,488 8,373 8,482 108 19,451 26,412 6,961 7,069 108 663 2,076 1,412 1,412 14,165 20,778 6,613 7,118 505 5,919,607 6,935,647 1,016,040 1,016,756 715 5,775,323 6,736,583 961,259 961,361 101 26,421 42,496 16,075 16,075 103,697 135,790 32,092 32,201 108 97,533 128,214 30,680 30,788 108 6,163 7,576 1,412 1,412 14,165 20,778 6,613 7,118 505 156 Sony Life Insurance Co., Ltd. 2015

2. 24 25 306,122 306,122 305,346 305,346 26 313,276 313,276 50 24 25 267,865 306,071 38,206 38,206 268,042 305,296 37,253 37,253 26 268,017 313,225 45,208 45,208 3. 24 25 172 172 172 172 26 139 7 612 479 139 7 612 479 Sony Life Insurance Co., Ltd. 2015 157

24 25 1 1 26 1 1,000 1,000 139 139 139 24 % 1 1 3 3 5 5 7 7 10 10 1 1 3 3 5 25 5 7 % 7 10 10 1 1 3 3 5 26 5 7 % 7 10 10 1,000 1,000 1.89 1.89 0.15 0.15 1,000 1,000 158 Sony Life Insurance Co., Ltd. 2015

24 25 1 1 26 1 21,282 7 7 10,364 93 93 9,968 115 115 949 15 15 7 1. 2. 24 25 1 1 26 1 21,903 612 612 612 Sony Life Insurance Co., Ltd. 2015 159

3 3-01 24 25 26 550,624 640,562 793,344 550,624 640,562 793,344 3-02 1. 26 % 31.91 26.45 25.85 24.64 2.79 9.80 12.46 0.06 2. 26 1519,778 +31.91% +29.53% TOPIX VA3 +26.45% +30.69% 225 ETF VA3 160 Sony Life Insurance Co., Ltd. 2015

MSCI VL +25.85% +26.30% VL 3 MSCI +24.64% +26.30% 2610 2710.2% +2.79% ECB 0.1% +9.80% +10.56% 258 259 Sony Life Insurance Co., Ltd. 2015 161

225 ETF +12.46% 225ETF +0.06% CDCP 8 3-03 1. 24 25 26 577,454 7,113,036 610,296 7,302,062 685,767 7,826,857 43,327 146,778 47,944 164,508 61,492 222,443 1,398 46,810 1,352 45,807 1,288 44,356 622,179 7,306,626 659,592 7,512,377 748,547 8,093,657 24 25 26 27,677 146,759 30,502 161,758 46,508 252,266 162 Sony Life Insurance Co., Ltd. 2015

2. % 24 25 26 21,139 3.8 17,838 2.8 30,950 3.9 527,787 95.9 620,666 96.9 760,411 95.8 159,256 28.9 168,661 26.3 165,980 20.9 30,778 5.6 37,237 5.8 50,068 6.3 188,010 34.1 235,435 36.8 319,985 40.3 44,775 8.1 51,863 8.1 59,918 7.6 143,235 26.0 183,571 28.7 260,067 32.8 149,741 27.2 179,332 28.0 224,376 28.3 1,697 0.3 2,057 0.3 1,982 0.2 550,624 100.0 640,562 100.0 793,344 100.0 3. 24 25 26 9,147 11,773 13,175 8,033 16,052 17,275 15 74 16 103,039 143,031 232,096 5,036 8,458 0 0 2,558 680 993 117 141 103 32,237 92,255 142,989 1,390 331 221 146 83,601 82,670 126,789 4. 24 25 26 527,787 70,801 620,666 50,776 760,411 89,106 Sony Life Insurance Co., Ltd. 2015 163

4 4-01 0 2 19 130 5-52-2 8 29 SA Reinsurance Ltd. 110 21 10 29 50 50 27 331 0 0 4-02 SA Reinsurance Ltd. 4-03 26 165.1% 3,904 23 97.4% 1,632 54 164 Sony Life Insurance Co., Ltd. 2015

27 624 1. 26 26 4127 331 2. 1 2 3 Sony Life Insurance Co., Ltd. 2015 165

1...094 2...091 3...086 4...093 5...093 6...093...093 10...093 7...093 8...089 9... 10...090 11...090 12...090 13...090 1...092 2...002 1...013 2...056 3...054 4...050 5...034 6...030 7...046 8...084 9... 040041066 10...076 5...012 1...096 2...098 3...100 4...110 5...112 112...112...112...112 6...022112...112...112 3...112...112 7...112 8...021113 9...115...115...119...119 10...018122 11...112 12... 13...165 14... 1...124 1...012 2...013124 3...125 4...128 5...129 6...130 7...132 2...132 1...132 2...132 3...132 4...014133 5...133 6...133 7...133 8...014133 9...134 10 5...134 11...134 12...134 13...134 3...135 1...135 2...135 3...135 4...136 5...136 6...137 7...138 8...138 9...138 10...139 11...139 12...139 13...139 14...139 15...140 16...140 17...140 18...141 19...141 4...141 1...141...015141...142 2...143 3...143 4...143 5...144 6...144 7...144 8...144 9...145 10...145 11...145 12...145 13...145 14...146 15...147 16...148 17...148 18...148 19...149 20...149 21...149 22...150 23...150...150...151 24...151 25...151 26...151 27...152...152...152...153 28...153 29...153 30...153 31...154 5...154...154...157...157 1...063 2...069 3...065 4...054 5...066 6...072 1...160 2...160 3...162 1...162 2...163 3...163 4...163...163...163...163 1...164 1...164 2...164...164...164...164...164...164...164...164 2...164 1..164 2.................. 3... 1... 2......... 3... 4... 5... 3 6..114 7... 8... 9... 10... 11... 166 Sony Life Insurance Co., Ltd. 2015

0120-158-821 9:0017:30 0120-158-679 9:0021:00 9:0017:30 107-8585 1-1-1 TEL03-3475-8811 277 8688 URL http://www.sonylife.co.jp/ FSC