Overview of the Nippon Life Group (As of March 31, 2017)Nippon Life is advancing with its Group business strategy, aiming to expand earnings over the long term and increase policyholder interests. Specifically, in our core life insurance operations, we will continue cultivating the domestic market, which is expected to continue growing stably, while developing our overseas strategy to secure growth opportunities that are not present in Japan. Moreover, in the asset management business, which has a strong affinity with the life insurance business, we are making efforts both in Japan and overseas to increase our investment income. Looking ahead, we will continue to harness synergies with our Group companies over a wide area as we work to realize growth for the entire Group.

Domestic Insurance-Related Operations

In the domestic insurance business, Nippon Life and its subsidiaries engage in the life insurance busi-ness. Meanwhile, Company subsidiaries and affiliates that handle insurance-related operations engage in corporate pension system management work, life insurance verification service, life insurance policy solicitation, and non-life insurance agency work.

Overseas Insurance-Related Operations

The Group’s overseas insurance operations include life insurance operations conducted by subsidiaries such as MLC Limited of Australia. Subsidiaries engaged in insurance-related operations conduct life insurance brokerage agency work in the United States.

Life insurance business

Life insurance policy verification services

Life insurance policy solicitation and non-life insurance agency work

Life insurance policy solicitation and non-life insurance agency work

Life insurance policy solicitation and non-life insurance agency work

Corporate pension system management

Nippon Life Insurance Company of America<U.S.A.> Life insurance business

MLC Limited<Australia> Life insurance business

Bangkok Life Assurance Public Company Limited<Thailand> Life insurance business

PT Asuransi Jiwa Sequis Life<Indonesia> Life insurance business

Great Wall Changsheng Life Insurance Co., Ltd.<China> Life insurance business

Reliance Nippon Life Insurance Company Limited<India> Life insurance business

Nippon Insurance Service Nissay Insurance Agency Co., Ltd.

Mitsui Life Insurance Company Limited

Corporate-Pension Business Service Co., Ltd.

Overseas Insurance-Related

Operations

7 companies

Domestic Insurance-Related

Operations

10 companies

6

Asset Management-Related Operations and Others

Subsidiaries in asset management-related operations engage in investment management, investment advisory, type II financial instruments services, trust banking services, credit guarantee services, leasing, venture capital, building management, mort-gage loans, insurance holding company operations, discretionary investment contract services, and finance agency services.

General Affairs-Related Operations

Subsidiaries in general affairs-related operations engage in temporary staffing services, mediation and sales of goods, printing and bookbinding services, clerical agency services, software develop-ment, information processing services, system administration and management, receiving agency services, survey and research services as well as information services.

[Asset Management Business]

[Others]

PanAgora Asset Management, Inc.<U.S.A.> Investment advisory and discretionary investment contract services

Reliance Nippon Life Asset Management Limited<India> Investment advisory and discretionary investment contract services

Post Advisory Group, LLC<U.S.A.> Investment advisory and discretionary investment contract services

Investment management, investment advisory, and type II financial instruments services

Investment management Trust banking services

Credit guarantee services Leasing services

Building management operationsVenture capital services

Temporary staffing services Mediation and sales of goods Printing and bookbinding services and clerical agency services

Software development, information processing services, and system administration and management

Receiving agency services Survey and research services

Nissay Asset Management Corporation

Nissay Realty Management Co., Ltd. The Master Trust Bank of Japan, Ltd.

Nissay Credit Guarantee Co., Ltd. Nissay Leasing Co., Ltd.

Shinjuku NS Building Co., Ltd.Omiya Sonic City Co., Ltd.Aroma Square Co., Ltd.

Nissay Capital Co., Ltd.

Nissay Business Service Co., Ltd. Nissay Shoji Co., Ltd. NISSAY NEW CREATION CO., LTD.

Nissay Information Technology Co., Ltd. Nissay Card Service Co., Ltd. NLI Research Institute

* Please refer to “Business Structure” on page 116 for details.* Company logos shown are logos as of July 1, 2017.

General Affairs-Related Operations

11 companies

Asset Management-

Related Operations

41 companies

7