MS&AD_en

17/22 　Overseas Business: Asian Life Insurance Market

Let me describe our Asian life insurance business on page 16. In the past few years, the Group has made inroads into the Asian life insurance market, which is experiencing remarkable growth, through strategic capital alliances with influential local conglomerates. We believe we are close to having established a firm foothold in the life insurance business in Asia. We have started to obtain returns on our investments in the current fiscal year. We will continue to develop strategies tailored to the features of each region and company to expand profits as the markets grow. We are actively giving support and advice to the management of the companies in Malaysia, Indonesia, and India, in which we hold a relatively high percentage of shares, providing our expertise in product planning, asset management, and risk management.