OREANDA-NEWS. Further to the announcement on March 30, 2015 entitled “New Medium-Term Management Plan Covering Fiscal Years 2015 to 2017, ‘D-Ambitious’” 1 , The Dai-ichi Life Insurance Company, Limited (the “Company”; President: Koichiro Watanabe) hereby announces its management objectives (quantitative targets) under the plan.

Under the new plan, with further evolution of our unique value-creating framework, ‘DSR management’, we will dynamically and swiftly develop our business and strive to achieve a sustainable creation of corporate value that meets our stakeholders’ expectations.

Realizing that the Group has taken a step forward to accelerate growth towards a higher level of value creation, we decided to position fiscal years 2015 to 2017 as a period to achieve sustainable and solid growth with three growth engines (domestic insurance businesses, overseas insurance businesses, and growth investment). In addition, we announced a major step to strengthen the Group management structure. Today our board of directors adopted a plan to shift to a holding company structure by way of a corporate split in October 2016. 2 We also took a step to strengthen corporate governance by announcing an increase in the number of independent directors from two directors to five directors. 3 Together with the announced Global Trilateral Structure, which combines functional enhancement of ‘Group Management Headquarters’ and two regional headquarters in North America and APAC, we will strengthen management and governance to secure sustained growth and value creation.

With the above initiatives, we aim to achieve the following management objectives (qualitative targets) for the medium-term management plan covering fiscal years 2015 to 2017: consolidated adjusted net income of 220 billion yen, economic solvency ratio between 170 and 200%, and total shareholder return of 40% based on consolidated adjusted net income.