Dai-Ichi Life Holdings raises full-year forecasts, boosts dividends

Dai-Ichi Life Holdings has revised its consolidated earnings forecast upward for the fiscal year ending March 31, 2026, driven by an increase in gains on sales of securities at Dai-Ichi Life Insurance Company due to robust stock prices. Ordinary revenues are now projected at 10,322,000 million yen, ordinary profit at 700,000 million yen, and net income attributable to shareholders of parent company at 400,000 million yen. This reflects increases of 1,160,000 million yen, 83,000 million yen, and 53,000 million yen, respectively, from previous forecasts.

The company also announced a revision to its year-end dividend forecast, raising it by 3 yen from 24 yen to 27 yen per share for the fiscal year ending March 31, 2026, bringing the total annual dividend to 51 yen per share. This decision aligns with the improved earnings outlook and the company's commitment to shareholder returns.

Furthermore, Dai-Ichi Life Holdings completed a significant reinsurance transaction through its subsidiary Protective Life Corporation, resulting in an increase in consolidated total assets of $6.7 billion. This transaction, initially announced on April 9, 2025, has been finalized following contractual terms and accounting adjustments.