Japan Post Insurance's (TYO:7181) European Embedded Value (EEV) results as of March 31 stood at 3.941 trillion yen, marking a decrease of 24.1 billion yen from a year earlier.
EEV provides an estimate of the value of future profits distributable to shareholders from the assets and liabilities of the covered business, excluding any value of new business that is expected to be sold in the future, according to its Tokyo bourse filing on Tuesday.
The company's adjusted net worth increased by 25.4 billion yen to 2.006 trillion yen, while the value of in-force covered business saw a decrease of 49.6 billion yen to 1.935 trillion yen.
Japan Post Insurance's value of new business rose by 47.0 billion yen, reaching 67.9 billion yen for the fiscal year ended March 31.
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