OREANDA-NEWS. August 3, 2012. The Dai-ichi Life Insurance Company, Limited (the “Company”; President: Koichiro Watanabe) hereby announces that the Company recorded losses on valuation of securities for the three months ended June 30, 2012, since the fair value of those securities decreased materially and was not deemed as recoverable.

Losses on valuation of securities for the three months ended June 30, 2012

(billions of yen)

 

Non-consolidated

basis

Consolidated

basis

(A) Total amount of losses on valuation of securities for the three months ended June 30, 2012

49.4

48.2

Notes:

The figures shown in (A) are estimates and remain subject to change.

The Company reassesses losses on valuation of securities at the end of each fiscal quarter based on

previous year-end book values.

3. The Company’s fiscal year ends on March 31.

Earnings forecast

The Company has made no revision to its consolidated earnings forecast for the fiscal year ending March 31, 2013 (announced on May 15, 2012), as the Company (1) projects to maintain steady sales performance and (2) expects an improvement in investment gains to some degree.