Dai-ichi Life Holdings boosts earnings and dividend forecasts

Dai-ichi Life Holdings, Inc. revised its full-year consolidated ordinary revenues forecast to ¥10,322,000m, ordinary profit to ¥700,000m, and net income attributable to shareholders of parent company to ¥400,000m. This update reflects a 12.7% increase in ordinary revenues, 13.5% in ordinary profit, and 15.3% in net income compared to previous forecasts. The primary driver for this upward revision is an expected increase in gains from the sale of securities at The Dai-ichi Life Insurance Company, Limited, fueled by robust stock market performance.

Reflecting the improved earnings outlook, the company also increased its year-end dividend forecast by ¥3 per share, from ¥24 to ¥27, bringing the total annual dividend per share to ¥51. Additionally, the Group adjusted profit forecast for FY2026 was raised from ¥410.0bn to ¥470.0bn. The company's domestic and overseas operations are performing strongly under favorable market conditions.

Separately, Dai-ichi Life Holdings announced the completion of its reinsurance transaction with Protective Life Corporation, finalizing a $6.7bn increase in consolidated total assets. The company also disclosed the acquisition by Protective Life of a U.S.-based asset protection business, Portfolio, expected to contribute an additional $50-100m to annual profit in the medium to long term.