Dai-ichi Life raises earnings, dividend forecasts amid investment gains

** Dai-ichi Life Holdings (TSE: 8750) has revised upwards its consolidated earnings and dividend forecasts for the fiscal year ending March 31, 2025, citing robust investment income and effective cost management. The company now expects ordinary revenues to reach ¥10.192 trillion, up from the previous forecast of ¥8.922 trillion. Ordinary profit is projected to increase to ¥688 billion, and net income attributable to shareholders of the parent company is expected to rise to ¥385 billion. This improvement is primarily attributed to increased investment income at The Dai-ichi Life Insurance Company and Protective Life Corporation, along with decreased amortization of intangible assets related to the Benefit One Inc. acquisition. Consequently, the company is increasing its year-end dividend forecast by ¥11, from ¥61 to ¥72 per share. This translates to an annual dividend of ¥133. Additionally, Dai-ichi Life has revised its group adjusted profit forecast upwards from ¥340 billion to ¥415 billion. As previously announced, the company will execute a 4-for-1 stock split effective April 1, 2025.