AXA Life Insurance Co.,Ltd.【JP:E03845】

Market cap

P/E ratio

	Mar 31, 2013	Mar 31, 2014	Mar 31, 2015	Mar 31, 2016	Mar 31, 2017	Mar 31, 2018
Ordinary income	957,525	41,554	465,002	747,902	822,972	789,737
Insurance premiums and other	702,546	586,281	277,109	604,434	619,132	596,629
Investment income	252,081	41,453	186,023	138,110	200,786	188,509
Interest, dividends and other income	106,171	37,980	89,829	121,146	111,428	119,776
Gain on sales of securities	9,725	12,895	5,176	14,981	42,128	26,219
Gain on redemption of securities	28	945	3,924	1,684	52	246
Foreign exchange gains	20,077	12,862	16,929	-	3,711	-
Reversal of allowance for doubtful accounts	310	82	283	-	-	426
Other investment income	68	24	13	192	61	-
Gain on separate accounts	110,248	96,333	69,410	-	43,403	41,839
Other operating income	2,897	101	1,869	5,357	3,053	4,598
Ordinary expenses	912,517	4,337	421,906	707,098	781,703	733,709
Insurance claims and other	502,682	583,535	275,311	500,041	455,416	455,956
Insurance claims	91,709	104,064	33,806	62,627	60,784	61,312
Annuity payments	66,782	81,358	44,068	100,039	96,071	91,096
Benefits	108,766	106,101	49,584	99,283	95,439	97,657
Surrender benefits	187,289	247,152	124,996	197,410	152,328	168,765
Other refunds	15,005	7,950	5,115	6,634	18,829	6,203
Reinsurance premiums	33,128	36,907	17,740	34,046	31,963	30,920
Provision of policy reserve and other	246,749	40,944	51,644	22,569	142,074	103,000
Provision of outstanding claims	4,880	-	167	1,091	1,130	2,973
Provision of policy reserve	241,838	40,915	51,463	22,543	140,920	100,010
Provision of interest portion of reserve for dividends to policyholders	30	28	13	25	24	16
Investment expenses	25,613	3,703	24,836	49,841	43,245	36,008
Interest expenses	1,175	225	507	707	235	232
Loss on investments in money held in trust	-	-	-	-	89	-
Loss on sales of securities	10,410	1	1,299	8,341	8,366	9,309
Loss on valuation of securities	149	18	9	669	1,516	421
Loss on redemption of securities	96	-	30	781	2,042	488
Net derivative financial instruments loss	12,780	16,858	21,176	2,574	27,477	7,329
Foreign exchange losses	-	3,476	-	7,459	-	14,495
Provision of allowance for doubtful accounts	-	-	-	112	3	-
Depreciation of real estate for rent and other	87	55	12	29	30	40
Other investment expenses	912	3,285	1,799	4,055	3,483	3,691
Project expenses	126,549	549	60,334	121,483	127,635	125,370
Other operating expenses	13,242	84	9,778	13,162	13,330	13,373
Ordinary profit (loss)	5,443	37,216	43,095	40,804	41,268	56,028
Extraordinary income	18,857	3,434	427	39	42	17,064
Other	16	34	246	39	42	366
Extraordinary losses	-	13,524	192,251	3,728	4,356	20,945
Loss on disposal of non-current assets	61	92	247	26	47	92
Impairment loss	898	-	5	5	33	-
Provision of reserve for price fluctuation	2,677	2,746	1,368	2,565	2,504	2,472
Other	-	-	-	-	1,771	640
Provision of reserve for dividends to policyholders	9,380	8,765	4,073	8,098	7,939	6,335
Profit (loss) before income taxes	24,300	27,126	-153,229	28,976	28,972	45,811
Income taxes - current	3,129	-332	10,629	16,546	13,454	18,355
Income taxes - deferred	-1,141	1,088	-2,281	-219	-320	-1,164
Income taxes	-1,140	755	8,348	16,326	13,134	17,191
Profit (loss)	-	-	-161,577	12,650	15,838	28,620
Profit (loss) attributable to owners of parent	-	-	17,483	9,140	15,065	28,333