v3.26.1
Income and Expenses Relating to Life Insurance Operations (Tables)
12 Months Ended
Mar. 31, 2026
Insurance [Abstract]  
Life Insurance Premiums and Related Investment Income
Life insurance premiums and related investment income in fiscal 2024, 2025 and 2026 consist of the following:
 
    
Millions of yen
 
    
2024
    
2025
    
2026
 
Life insurance premiums
   ¥ 459,655      ¥ 481,432      ¥ 506,120  
Life insurance related investment income*
     99,268        33,827        134,039  
  
 
 
    
 
 
    
 
 
 
   ¥ 558,923      ¥ 515,259      ¥ 640,159  
  
 
 
    
 
 
    
 
 
 
 
*
Life insurance related investment income in fiscal 2024, 2025 and 2026 include net unrealized holding gains of ¥43,301 million, ¥2,577 million and ¥
48,946
 million on equity securities held as of March 31, 2024, 2025 and 2026, respectively.
Reinsurance Benefits and Reinsurance Premiums Included in Life Insurance Premiums
Life insurance premiums include reinsurance benefits, net of reinsurance premiums. For fiscal 2024, 2025 and 2026, reinsurance benefits and reinsurance premiums included in life insurance premiums are as follows:
 
    
Millions of yen
 
    
2024
   
2025
   
2026
 
Reinsurance benefits
   ¥ 3,452     ¥ 10,634     ¥ 20,520  
Reinsurance premiums
     (4,937     (5,119     (5,298
Gains or Losses Relating to Variable Annuity and Variable Life Insurance Contracts
The above mentioned gains or losses relating to variable annuity and variable life insurance contracts for fiscal 2024, 2025 and 2026 are mainly as follows:
 
    
Millions of yen
 
    
2024
   
2025
   
2026
 
Life insurance premiums and related investment income :
      
Net realized and unrealized gains or losses from investment assets
   ¥ 40,821     ¥ (3,496   ¥ 33,290  
Net gains or losses from derivative contract
s
:
     (3,568     (372     (1,559 )
 
Futures
     (3,046     (262     (1,433 )
Foreign exchange contracts
     (522     (110     (126 )
Life insurance costs :
      
Changes in the fair value of the policy liabilities and policy account balances
   ¥ 3,208     ¥ (30,998   ¥ 2,041  
Insurance costs recognized for insurance and annuity payouts as a result of insured events
     26,997       23,706       23,553  
Changes in the fair value of the reinsurance contracts
     1,890       200       1,423