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Bond & Rating Information
Bond Information
As of February 14, 2024
Below are corporate bonds currently issued by Dai-ichi Life.
| Issuer | Type | Issue date | Principal amount | Maturity |
|---|---|---|---|---|
| The Dai-ichi Life Insurance Company, Limited | US dollar-denominated perpetual subordinated notes with interest deferral options(*1) | October 28, 2014 | USD 1.0 billion | None(*2) |
| The Dai-ichi Life Insurance Company, Limited | US dollar-denominated perpetual subordinated notes with interest deferral options(*1) | July 20, 2016 | USD 2.5 billion | None(*3) |
| (*1) | The Notes were offered to institutional investors in overseas securities markets, including Europe and the United States, but not in Japan. |
| (*2) | The Notes are callable on each interest payment date in and after October 2024 at the discretion of the Company, subject to prior government approval, etc. |
| (*3) | The Notes are callable on each interest payment date in and after July 2026 at the discretion of the Company, subject to prior government approval, etc. |
Credit Rating Information
As of February 14, 2024
Below are Dai-ichi Life's current credit ratings.
Credit ratings are given and published by independent third-party agencies primarily as their opinions about the financial soundness of businesses.
Ratings for life insurance companies usually represent the degree of certainty with which insurance claims, annuities, etc. are paid in accordance with the policies involved.
Our company has obtained ratings from the following rating companies.
| Rating Agency | Rating Assigned | Credit Rating |
|---|---|---|
| Rating and Investment Information, Inc. (R&I) | Insurance claims paying ability | AA |
| Japan Credit Rating Agency, Ltd. (JCR) | Ability to pay insurance claims | AA |
| Standard & Poor's (S&P) | Insurer financial strength rating | A+ |
| Fitch Ratings (Fitch) | Insurer financial strength rating | AA- |
| A.M. Best | Financial strength rating | A+ |
| (*) | Each of the ratings is based on rating agency opinions, and rating agencies do not guarantee Insurance claims payments. A credit rating may be subject to revision, suspension or withdrawal at any time by the assigning rating agencies. |
