The Dai-Ichi Life Insurance Company, Limited announced consolidated and non-consolidated earnings results for the year ended March 31, 2013. For the year, on consolidated basis, the company announced premium and other income of ¥3,646,831 million against ¥3,539,579 million a year ago. Investment income was ¥1,335,120 million against ¥1,035,662 million a year ago. Ordinary revenues were ¥5,283,989 million against ¥4,931,781 million a year ago. Ordinary profit was ¥157,294 million against ¥225,920 million a year ago. Income before income taxes and minority interests was ¥56,122 million against ¥151,048 million a year ago. Net income was ¥32,427 million or ¥3,274.27 per diluted share against ¥20,357 million or ¥2,061.55 per diluted share a year ago. Net cash generated from operating activities was ¥487,703 million against ¥730,069 million a year ago. Acquisition of tangible fixed assets was ¥34,178 million against ¥25,817 million a year ago. Acquisition of intangible fixed assets was ¥20,322 million compared to ¥21,652 million for the same period a year ago. For the year, on non-consolidated basis, the company announced ordinary revenues of ¥4,315,957 million against ¥4,398,207 million a year ago. Ordinary profit was ¥173,806 million against ¥243,765 million a year ago. Net income was ¥51,465 million or ¥5,196.55 per diluted share against ¥17,624 million or ¥1,784.76 per diluted share a year ago. The company declared fiscal year end dividend of ¥1,600 per share for the fiscal year ended March 31, 2013 same as previous year. The dividend is payable on June 25, 2013. For the fiscal year ending March 31, 2014, the company expects to pay year end dividend of ¥2,000 per share. The company provided consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2014. For the full year ending March 31, 2014, on consolidated basis, the company expects to report ordinary revenues of ¥4,663,000 million, ordinary profit of ¥176,000 million and net income of ¥37,000 million or ¥3,733.83 per share. For the full year ending March 31, 2014, on non-consolidated basis, the company expects to report ordinary revenues of ¥3,854,000 million, ordinary profit of ¥175,000 million and net income of ¥40,000 million or ¥4,036.57 per share.

The Dai-Ichi Life Insurance Company, Limited (TSE:8750) is setting aside up to ¥300 billion to fund its overseas expansion through mergers and acquisitions under a three-year plan starting from the business year that began in April 2013. Managing Director of Dai-Ichi Life, Hideo Teramoto indicated that the company continues to keep an eye primarily on Asia, Australia and New Zealand for its acquisitions. He added that the company "would like to explore slightly more diversified opportunities over the medium to long-term," suggesting a possible advance into other regions in the world.

The Dai-Ichi Life Insurance Company, Limited, Board Meeting, May 15, 2013. Agenda: To submit a proposal of amendment to the stock option (stock acquisition right) scheme as a stock-linked compensation plan for directors to the annual general meeting of shareholders; and to split the company's shares, amend the number of shares to constitute one unit, and submit a related proposal of amendment to the articles of incorporation to the annual general meeting of shareholders.