Dai-ichi Life maintains stable outlook: AM Best

The parent company saw its total reported capital rise by 46% YoY.

Dai-ichi Life Insurance is viewed to have a stable outlook, thanks to its strong balance sheet, strong operating performance, and favorable business profile, according to AM Best.

Dai-ichi Life Holdings, Inc. (DLH), DL’s parent company, saw its total reported capital rise by 46% year-over-year to $26b (¥3.9t) as of 31 March 2024, driven by unrealised gains on securities amidst favorable market conditions. 

Its economic solvency ratio remained above 200%, despite market volatility. 

AM Best expects the group’s risk-adjusted capitalisation to stay at the strongest level, supported by prudent asset-liability management and strong financial flexibility.  

In the first half of fiscal-year 2024, higher investment spread and lower new business acquisition costs further strengthened profitability. 

AM Best anticipates the group’s diversified profit sources—supported by a stable domestic in-force book and expanding international operations—will sustain long-term earnings stability.