Japan Exchange : Dai-ichi Life Holdings to Appoint Executive Officers

[Unofficial Translation]

February 21, 2020

Seiji Inagaki Representative Director, President Dai-ichi Life Holdings, Inc. Code: 8750 (TSE First section) Contact: Corporate Planning Unit, Investor Relations Group (TEL [phone])

Dai-ichi Life Holdings to Appoint Executive Officers

Dai-ichi Life Holdings, Inc. (President: Seiji Inagaki) hereby announces that it will appoint the following executive officers effective April 1, 2020.

In addition, The Dai-ichi Life Insurance Company, Limited also announced the appointing executive officers as attached on page 8.

[Unofficial Translation]

1. Changes of titles, retirement of Executive Officers

1. Changes of Titles (as of April 1, 2020)

As of April 1, 2020	Current title	Name
Director, Vice Chairman	Director	Hideo Teramoto
General Manager, Innovation Strategy
Unit
Director, Senior Managing Executive	Director, Managing Executive Officer	Masao Taketomi
Officer
Director	Director, Senior Managing Executive	Kazuma Ishii
	Officer
Managing Executive Officer	Managing Executive Officer	Tatsusaburo
Chief General Manager, North America		Yamamoto
Managing Executive Officer	Managing Executive Officer	Norimitsu Kawahara
Chief General Manager, Asia Pacific
Managing Executive Officer	Treated like Managing Executive Officer	Mamoru Akashi
	(Representative Director, Vice President
	of The Dai-ichi Frontier Life Insurance
	Co., Ltd.)
Managing Executive Officer	Executive Officer	Toshiaki Sumino
	Chief General Manager, North America
Managing Executive Officer	Executive Officer	Tomohiko Asano
	Chief General Manager, Asia Pacific

1. Retiring Officer (as of March 31, 2020)

Current title	Name	Remarks
Executive Officer	Hiroyuki Kanou	Hiroyuki Kanou will be appointed as a Director,
		Managing Executive Officer of The Dai-ichi Life
		Insurance Co., Ltd. on April 1, 2020.
Executive Officer	Yasumasa Iwai	Yasumasa Iwai will be appointed as a Managing
		Executive Officer of The Dai-ichi Life Insurance
		Co., Ltd. on April 1, 2020.

1. Appointment of New Executive Officers (as of April 1, 2020)

As of April 1, 2020	Name
Senior Managing Executive Officer*	Masamitsu Nambu
Treated like Executive Officer	Keita Takahashi
(Director, Vice President of The Neo First
Life Insurance Co., Ltd.)

Note : The appointment of Masamitsu Nambu is based on the premise of an approval from the authority．

1

Dai-ichi Life Holdings, Inc.

[Unofficial Translation]

2. Directors and Executive Officers as of April 1, 2020

As of April 1, 2020	Name
Representative Director, Chairman of the Board	Koichiro Watanabe
Representative Director, President	Seiji Inagaki
Representative Director, Vice Chairman	Shigeo Tsuyuki
Director, Vice Chairman	Hideo Teramoto
Representative Director, Vice President	Satoru Tsutsumi
Director, Senior Managing Executive Officer	Masao Taketomi
Director	Kazuma Ishii
Director	George Olcott
Director	Koichi Maeda
Director	Yuriko Inoue
Director	Yasushi Shingai
Director (Audit and Supervisory Committee Member	Morinobu Nagahama
(Full-Time))
Director (Audit and Supervisory Committee Member	Fusakazu Kondo
(Full-Time))
Director (Audit and Supervisory Committee Member)	Rieko Sato
Director (Audit and Supervisory Committee Member)	Ungyong Shu
Director (Audit and Supervisory Committee Member)	Koichi Masuda
Vice President	Kenji Sakurai
Senior Managing Executive Officer	Masamitsu Nambu
Managing Executive Officer	Hideo Hatanaka
Managing Executive Officer	Yuji Tokuoka
Managing Executive Officer	Tetsuya Kikuta
Managing Executive Officer	Munehiro Uryu
Managing Executive Officer	Hiroshi Shoji
Managing Executive Officer	Tatsusaburo Yamamoto
Managing Executive Officer	Norimitsu Kawahara
Managing Executive Officer	Ichiro Okamoto
Managing Executive Officer	Mamoru Akashi
Managing Executive Officer	Toshiaki Sumino
Managing Executive Officer	Tomohiko Asano
Executive Officer	Sumie Watanabe
Executive Officer	Tsuyoshi Kawamoto
Executive Officer	Hidehiko Sogano

2

Dai-ichi Life Holdings, Inc.

[Unofficial Translation]

3. Responsibilities of and delegation to Executive Officers as of April 1, 2020

Name and Title	Responsibilities ("Supervising" or "In charge of")	Delegation
Shigeo Tsuyuki	Supervising	International Life Insurance Business Unit
(Representative
Director,
Vice Chairman)
Hideo Teramoto	Supervising	IT Business Process Unit	General Manager,
(Director,			Innovation Strategy Unit
Vice Chairman)	In charge of	Innovation Strategy Unit
Satoru Tsutsumi	In charge of	The matters regarding wholesale marketing strategy
(Representative
Director,
Vice President)
Masao Taketomi	In charge of	The matters regarding The Dai-ichi Frontier Life
(Director, Senior		Insurance Co., Ltd.
Managing Executive
Officer)
Kenji Sakurai	Supervising	Marketing Strategy Unit.
(Vice President)
Masamitsu Nambu	In charge of	Corporate Service Unit(the matters regarding
(Senior Managing		Secretarial Group), Human Resources Unit
Executive Officer)
Hideo Hatanaka	In charge of	Internal Audit Unit
(Managing Executive
Officer)
Yuji Tokuoka	In charge of	The matters regarding The Neo First Life Insurance
(Managing Executive		Co., Ltd.
Officer)
Tetsuya Kikuta	In charge of	Asset Management Business Unit
(Managing Executive
Officer)
Munehiro Uryu	In charge of	Public Relations Unit
(Managing Executive
Officer)
Hiroshi Shoji	In charge of	Actuarial and Accounting Unit
(Managing Executive
Officer)
Tatsusaburo Yamamoto	In charge of	International Life Insurance Business Unit (the	Chief General Manager,
(Managing Executive		matters regarding North America)	North America
Officer)
Norimitsu Kawahara	In charge of	International Life Insurance Business Unit (the	Chief General Manager,
(Managing Executive		matters regarding Asia Pacific)	Asia Pacific
Officer)

3

Dai-ichi Life Holdings, Inc.

[Unofficial Translation]

Name and Title	Responsibilities ("Supervising" or "In charge of")	Delegation
Ichiro Okamoto	In charge of	Risk Management Unit , Legal and Compliance
(Managing Executive		Unit, Corporate Service Unit (except for the matters
Officer)		regarding Secretarial Group)
Mamoru Akashi	In charge of	Marketing Strategy Unit
(Managing Executive
Officer)
Toshiaki Sumino	In charge of	Corporate Planning Unit
(Managing Executive
Officer)
Tomohiko Asano	In charge of	International Life Insurance Business Unit(except
(Managing Executive		for the matters regarding North America and Asia
Officer)		Pacific area)
Sumie Watanabe	In charge of	Human Resources Unit (the matters regarding
(Executive Officer)		Group Diversity and Inclusion, joint oversight with
		Mr. Nambu)
Tsuyoshi Kawamoto	In charge of	IT Business Process Unit
(Executive Officer)
Hidehiko Sogano	In charge of	International Life Insurance Business Unit (the
(Executive Officer)		matters regarding specific assignments)

Note: "Supervising" means that the Executive Officers provide advice or guidance for the other Executive Officers who are in

charge of their departments from a total perspective, and support the President.

4

Dai-ichi Life Holdings, Inc.

[Unofficial Translation]

4. Reasons for appointment

NameReasons

He has been mainly engaged in the retail business, with experience in branch office positions as general manager. For four years since 2011, he has driven the retail business as general manager of the Retail Management Dept. His

extensive experience ranges from establishing The Dai-ichi Property and

Masamitsu Nambu

Casualty Insurance Company, Limited to acting as general manager of Underwriting and Medical Dept. Overall, he has the capacity to carry out duties as an executive officer of Dai-ichi Life Holdings, Inc. with precision, fairness and efficiency.

He has been mainly engaged in the agency business and his extensive experience ranges from carrying out sales initiatives including support and planning to his tenure with a bank. He has laid the cornerstone of the agency

division of The Dai-ichi Life Insurance Company, Limited and has driven

Keita Takahashi

the growth of The Neo First Life Insurance Company, Limited. He has the deep knowledge of the agency business of the group. Overall, he has the capacity to carry out duties as an executive officer of The Dai-ichi Life Insurance Company, Limited with precision, fairness and efficiency.

5

Dai-ichi Life Holdings, Inc.

[Unofficial Translation]

5. Biography of Newly Appointed Executive Officers

Name	Masamitsu Nambu
Date of Birth	January 5, 1963
Education	March 1985	Graduated from Tokyo Metropolitan University,
			Faculty of Economics
Career History	April	1985	Joined The Dai-ichi Mutual Life Insurance Company
	April	2006	General Manager, Underwriting and Medical Dept.
	April	2008	General Manager, Machida Branch Office
	April	2010	General Manager, Machida Branch Office, The Dai-ichi Life
			Insurance Co., Ltd.
	April	2011	General Manager, Retail Management Dept.
	April	2012	Executive Officer
			General Manager, Retail Management Dept.
	April	2015	Managing Executive Officer
	April	2016	Director, Managing Executive Officer

6

Dai-ichi Life Holdings, Inc.

[Unofficial Translation]

Name	Keita Takahashi
Date of Birth	January 11, 196７
Education	March 1990	Graduated from Waseda University,
			Faculty of Political Science and economics
Career History	April	1990	Joined The Dai-ichi Mutual Life Insurance Company
	April	2012	General Manager, Agency Sales Promotion Dept.
	April	2014	Treated like General Manager, Mizuho Bank, ltd.
	April	2016	Treated like General Manager, The Neo First Life Insurance Co.,
			Ltd.

Investor Contact:

Investor Relations Group Corporate Planning Unit [phone]

This press release may contain statements that are "forward-looking statements" regarding our intent, belief or current expectations of management with respect to our future results of operations and financial condition. Any such forward-looking statements are not historical facts but instead represent only our belief regarding future events, many of which, by their nature, are inherently uncertain and outside our control. Important factors that could cause actual results to differ from those in specific forward-looking statements include, without limitation, economic and market conditions, consumer sentiment, political events, level and volatility of interest rates, currency exchange rates, security valuations and competitive conditions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ.

7

Dai-ichi Life Holdings, Inc.

[Unofficial Translation]

February 21, 2020

Seiji Inagaki

Representative Director, President

The Dai-ichi Life Insurance Company, Limited

Dai-ichi Life Insurance to Appoint Executive Officers

The Dai-ichi Life Insurance Company, Limited (President: Seiji Inagaki) hereby announces that it will appoint the following executive officers effective April 1, 2020.

8

[Unofficial Translation]

1. Changes of titles, retirement and newly appointment of Directors and Executive Officers

1. Changes of Titles (as of April 1, 2020)

As of April 1, 2020	Current title	Name
Representative Director, Senior	Director, Managing Executive Officer	Masamitsu Nambu
Managing Executive Officer
Director, Managing Executive Officer	Director, Managing Executive Officer	Hideo Hatanaka
	Chief General Manager, Corporate
	Planning and Government Relations
Director, Managing Executive Officer	Director, Managing Executive Officer	Munehiro Uryu
Chief General Manager, Corporate
Planning and Government Relations
Director, Managing Executive Officer*	Managing Executive Officer	Ichiro Okamoto
Director, Managing Executive Officer	Executive Officer	Kyoichi Saito
General Manager, Wholesale	General Manager, Financial Institution
Management Dept.	Relations Dept..
Director, Managing Executive Officer	Executive Officer	Hiroyuki Kanou
	General Manager, Human Resources
	Dept.
Managing Executive Officer	Executive Officer	Hideki Higuchi
Chief General Manager, Eastern	Chief General Manager, Eastern
Market II	Market II
Managing Executive Officer	Executive Officer	Yasutaka
Chief General Manager, Eastern	Chief General Manager, Eastern	Shimokawa
Market I	Market I
Managing Executive Officer	Executive Officer	Hisashi Takada
Managing Executive Officer	Executive Officer	Kozo Kita
Managing Executive Officer	Executive Officer	Yasumasa Iwai
General Manager, Innovation Strategy
Dept.
Managing Executive Officer	Executive Officer	Yoshitaka Okumura
	General Manager, Retail Management
	Dept.
Executive Officer	Executive Officer	Toshimitsu
General Manager, Nagoya Branch	General Manager, Higashi-Shikoku	Miyauchi
Office	Branch Office
Executive Officer	Executive Officer	Kyoichi Haida
	General Manager, Business Process
	Planning Dept.

Note : The appointment of Ichiro Okamoto is based on the premise of an approval from the authority． 9

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

1. Retiring Officer (as of March 31, 2020)

Current title	Name	Remarks
Representative Director,	Hideo Teramoto	Hideo Teramoto will be appointed as a
Vice Chairman		Director,Vice Chairman of Dai-ichi Life
		Holdings, Inc. on April 1, 2020.
Representative Director,	Satoru Tsutsumi	Satoru Tsutsumi continues to be a
Vice President		Representative Director, Vice President of Dai-
Chief General Manager,		ichi Life Holdings, Inc.
Financial Institution
Relations
Representative Director,	Kenji Sakurai	Kenji Sakurai continues to be a Vice President
Vice President		of Dai-ichi Life Holdings, Inc.
Director, Senior Managing	Kazuma Ishii	Kazuma Ishii will be appointed as a Director
Executive Officer		of Dai-ichi Life Holdings, Inc. on April 1,
		2020.
Managing Executive	Norimitsu Kawahara	Norimitsu Kawahara continues to be a
Officer		Managing Executive Officer of Dai-ichi Life
		Holdings, Inc.
Executive Officer	Koichi Oizumi	Koichi Oizumi will be appointed as
		Representative Director, Vice President of
		Corporate-pension Business Service Co., Ltd.
		on April 1, 2020.

1. Appointment of New Executive Officers (as of April 1, 2020)

As of April 1, 2020	Name
Director, Managing Executive Officer*	Mamoru Akashi
Managing Executive Officer	Tomohiko Asano
Executive Officer	Mitsuhiro Uehara
Deputy Chief General Manager,
Metropolitan Market
Executive Officer	Takahito Shibuya
General Manager, Total Life Planning
and Sales Training Dept.
Executive Officer	Shiyouji Takeuchi
General Manager, Government Relations
Dept.
	10

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

Executive Officer	Takako Kitahori
General Manager, Communication
Design Dept.
Executive Officer	Takashi Iida
General Manager, Group Pension
Business Unit.

Note : The appointment of Mamoru Akashi is based on the premise of an approval from the authority．

11

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

2. Directors, Audit and Supervisory Board Members and Executive Officers as of April 1, 2020

As of April 1, 2020	Name
Representative Director, Chairman of the Board	Koichiro Watanabe
Representative Director, President	Seiji Inagaki
Representative Director, Senior Managing Executive	Masamitsu Nambu
Officer
Director, Managing Executive Officer	Hideo Hatanaka
Director, Managing Executive Officer	Hiroshi Shoji
Director, Managing Executive Officer	Tetsuya Kikuta
Director, Managing Executive Officer	Munehiro Uryu
Director, Managing Executive Officer	Ichiro Okamoto
Director, Managing Executive Officer	Mamoru Akashi
Director, Managing Executive Officer	Kyoichi Saito
Director, Managing Executive Officer	Hiroyuki Kanou
Director	Morinobu Nagahama
Director	Michiko Miyamoto
Director	Keisuke Yokoo
Director	Haruo Funabashi
Audit and Supervisory Board Member(Full-Time)	Masahiro Takashima
Audit and Supervisory Board Member(Full-Time)	Ryuichi Yamamoto
Audit and Supervisory Board Member	Tsuneaki Taniguchi
Audit and Supervisory Board Member	Takehiko Nagasaki
Audit and Supervisory Board Member	Sanae Tanaka
Managing Executive Officer	Katsuhisa Watanabe
Managing Executive Officer	Kimihiro Sato
Managing Executive Officer	Chieko Takahashi
Managing Executive Officer	Mitsunori Moriguchi
Managing Executive Officer	Yasuhiro Miyata
Managing Executive Officer	Hideki Higuchi
Managing Executive Officer	Yasutaka Shimokawa
Managing Executive Officer	Hisashi Takada
Managing Executive Officer	Kozo Kita
Managing Executive Officer	Yasumasa Iwai
Managing Executive Officer	Yoshitaka Okumura
Managing Executive Officer	Tomohiko Asano
Executive Officer	Sumie Watanabe
Executive Officer	Shoji Yamanaka
Executive Officer	Tsuyoshi Kawamoto
12

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

As of April 1, 2020	Name
Executive Officer	Masahiro Akashi
Executive Officer	Tatsuya Hayakawa
Executive Officer	Toshimitsu Miyauchi
Executive Officer	Hiroyuki Miyoshi
Executive Officer	Kazuyuki Shigemoto
Executive Officer	Kyoichi Haida
Executive Officer	Mitsuhiro Uehara
Executive Officer	Takahito Shibuya
Executive Officer	Shiyouji Takeuchi
Executive Officer	Takako Kitahori
Executive Officer	Takashi Iida

13

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

3. Responsibilities of and delegation to Executive Officers as of April 1, 2020

Name and Title	Responsibilities ("Supervising" or "In charge of")	Delegation
Masamitsu Nambu	In charge of	Secretarial Dept., Affiliated Business Management
(Representative		Dept., Human Resources Dept., Sales Office
Director, senior		Manager Training Dept.
Managing Executive
Officer)
Hideo Hatanaka	In charge of	Internal Audit Dept.
(Director, Managing
Executive Officer)
Hiroshi Shoji	In charge of	Profit Management Dept., Actuarial Dept.,
(Director, Managing		Investment Administration Dept., Credit Dept.
Executive Officer)
Tetsuya Kikuta	In charge of	Separate Account Management Dept., Investment
(Director, Managing		Planning Dept., Corporate and Structured Finance
Executive Officer)		Dept., Real Estate Investment Dept.
Munehiro Uryu	Supervising	Regulatory Affairs Dept.	Chief General Manager,
(Director, Managing			Corporate Planning and
Executive Officer)			Government Relations
	In charge of	Dai-ichi's Social Responsibility Promotion Dept.,
		Corporate Planning Dept., Public Relations Dept．
Ichiro Okamoto	In charge of	Compliance Control Dept., Risk Management Dept.,
(Director, Managing		Corporate Service Dept., Legal Dept.
Executive Officer)
Mamoru Akashi	Supervising	Communication Design Dept.
(Director, Managing
In charge of	Marketing Strategy Dept.
Executive Officer)
Kyoichi Saito	Supervising	Group Life Insurance Business Dept., Group Pension	General Manager,
(Director, Managing		Business Dept., Group Pension Service Dept.,	Wholesale Management
Executive Officer)		Corporate Relations Dept. No.1, No.2, No.3, No.4,	Dept.
		No.5, No.6, No.7, and No.8, Dispersed Sector
		Relations Dept., Public Sector Relations Dept.,
		Metropolitan Corporate Relations Dept. No.1, No.2,
		and No.3, Kanagawa Sales Bureau, Hokkaido Sales
		Bureau, East Japan Corporate Relations Dept., West
		Japan Sales Bureau, Chubu Corporate Relations
		Dept., Osaka Corporate Relations Dept., Kyoto/Kobe
		Corporate Relations Dept.
	In charge of	Wholesale Management Dept., International
		Corporate Relations Dept., Financial Institution
		Relations Dept.

14

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

Name and Title	Responsibilities ("Supervising" or "In charge of")	Delegation
Hiroyuki Kanou	Supervising	Metropolitan Sales Management Dept., East Japan
(Director, Managing		Sales Management Dept., West Japan Sales
Executive Officer)		Management Dept., Chubu Sales Management Dept.,
		Kansai Sales Management Dept.
	In charge of	Retail Management Dept., Sales Force Planning
		Dept., Workplace Sales Force Promotion Dept.
Katsuhisa Watanabe	In charge of	Chubu Sales Management Dept., Chubu Corporate	Chief General Manager,
(Managing Executive		Relations Dept.	Chubu Market
Officer)
Kimihiro Sato	In charge of	Metropolitan Sales Management Dept., Metropolitan	Chief General Manager,
(Managing Executive		Corporate Relations Dept. No.1, No.2, and No.3,	Metropolitan Market
Officer)		Kanagawa Sales Bureau
Chieko Takahashi	In charge of	Group Life Insurance Business Dept., Public Sector	General Manager, Public
(Managing Executive		Relations Dept.	Sector Relations Dept.
Officer)
Mitsunori Moriguchi	In charge of	Corporate Relations Dept. No.5, No.6, No.7, and
(Managing Executive		No.8, Dispersed Sector Relations Dept.
Officer)
Yasuhiro Miyata	In charge of	Kansai Sales Management Dept., Osaka Corporate	Chief General Manager,
(Managing Executive		Relations Dept., Kyoto/Kobe Corporate Relations	Kansai Market
Officer)		Dept.
Hideki Higuchi	In charge of	East Japan Sales Management Dept., East Japan	Chief General Manager,
(Managing Executive		Corporate Relations Dept.	Eastern Market II
Officer)
Yasutaka Shimokawa	In charge of	East Japan Sales Management Dept. (joint oversight	Chief General Manager,
(Managing Executive		with Mr. Higuchi), Hokkaido Sales Bureau, East	Eastern Market I
Officer)		Japan Corporate Relations Dept. (joint oversight with
		Mr. Higuchi)
Hisashi Takada	In charge of	Corporate Relations Dept. No.1, No.2, No.3 and
(Managing Executive		No.4
Officer)
Kozo Kita	In charge of	Agency Management Dept., Agency Sales Dept.
(Managing Executive		No.1, and No.2
Officer)
Yasumasa Iwai	In charge of	Innovation Strategy Dept., IT Business Process	General Manager,
(Managing Executive		Planning Dept.(the matters regarding Data	Innovation Strategy Dept.
Officer)		Management Center, joint oversight with Mr.
		Kawamoto)
Yoshitaka Okumura	Supervising	Financial Planning and Consulting Dept., Customer
(Managing Executive		Service Dept.
Officer)
In charge of	Customer First Promotion Dept., Multi Brand Sales
		Promotion Dept., Sales Personnel Dept., Contact
		Center Control Dept.

15

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

Name and Title	Responsibilities ("Supervising" or "In charge of")	Delegation
Tomohiko Asano	In charge of	International Subsidiary Management Dept.
(Managing Executive
Officer)
Sumie Watanabe	In charge of	Human Resources Dept. (the matters regarding
(Executive Officer)		Diversity and Inclusion, joint oversight with Mr.
		Nambu), Financial Planning and Consulting Dept.,
		Customer Service Dept.
Shoji Yamanaka	In charge of		General Manager, Chiba
(Executive Officer)			Branch Office
Tsuyoshi Kawamoto	In charge of	IT Business Process Planning Dept.
(Executive Officer)
Masahiro Akashi	In charge of	West Japan Sales Management Dept., West Japan	Chief General Manager,
(Executive Officer)		Sales Bureau	Western Market II
Tatsuya Hayakawa	In charge of	West Japan Sales Management Dept., West Japan	Chief General Manager,
(Executive Officer)		Sales Bureau(joint oversight with Mr. Akashi above	Western Market I
		mentioned 2 divisions)
Toshimitsu Miyauchi	In charge of		General Manager,
(Executive Officer)			Nagoya Branch Office
Hiroyuki Miyoshi	In charge of		General Manager, Kobe
(Executive Officer)			Branch Office
Kazuyuki Shigemoto	In charge of	Fixed Income Investment Dept., Global Fixed	Chief General Manager,
(Executive Officer)		Income Investment Dept., Equity Investment Dept.,	Investment
		Alternative Investment Dept., Responsible
		Investment Dept.
Kyoichi Haida	In charge of	Business Process Planning Dept., Underwriting and
(Executive Officer)		Medical Dept., Policy Service Dept., Claims Dept.
Mitsuhiro Uehara	In charge of	Metropolitan Sales Management Dept., Metropolitan	Deputy Chief General
(Executive Officer)		Corporate Relations Dept. No.1, No.2, and No.3,	Manager, Metropolitan
		Kanagawa Sales Bureau(joint oversight with Mr.	Market
		Sato above mentioned 5 divisions)
Takahito Shibuya	In charge of	Product Development and Management Dept.,	General Manager, Total
(Executive Officer)		Investment Trust Service Dept., Total Life Planning	Life Planning and Sales
		and Sales Training Dept.	Training Dept.
Shiyouji Takeuchi	In charge of	Regulatory Affairs Dept.	General Manager,
(Executive Officer)			Regulatory Affairs Dept.

16

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

Name and Title	Responsibilities ("Supervising" or "In charge of")	Delegation
Takako Kitahori	In charge of	Communication Design Dept.	General Manager,
(Executive Officer)			Communication Design
			Dept.
Takashi Iida	In charge of	Investment Trust Service Dept. (joint oversight with	General Manager,
(Executive Officer)		Mr. Shibuya), Group Pension Business Dept., Group	Group Pension Business
		Pension Service Dept., Separate Account	Dept.
		Management Dept. (joint oversight with Mr. Kikuta)

Note: 1. "Supervising" means that the Executive Officers provide advice or guidance for the other Executive Officers who are in charge of their departments from a total perspective, and support the President.

1. Executive Officers are in charge of parts of branch office's business in accordance with their responsibilities.
2. Mr. Watanabe, Chief General Manager of Chubu Market, concurrently serves as General Manager of Chubu Operations Bureau.
3. Mr. Miyata, Chief General Manager of Kansai Market, concurrently serves as General Manager of Kansai Operations Bureau.
4. Mr. Higuchi is in charge of the Kanto, Tokai and Hokushinetsu area as Chief General Manager of Eastern Market II.
5. Mr. Shimokawa is in charge of Hokkaido and Tohoku area as Chief General Manager of Eastern Market I.
6. Mr. Akashi is in charge of Kyusyu area as Chief General Manager of Western Market II.
7. Mr. Hayakawa is in charge of Chugoku and Shikoku area as Chief General Manager of Eastern Market I.
8. Mr. Uehara assist Chief General Manager, Metropolitan Market as Deputy Chief General Manager, Metropolitan Market

17

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

4. Reasons for appointment

NameReasons

He has extensive experience in the domestic life insurance business, through his two consecutive general manager positions at branch offices and has been engaged in sales strategy related projects. In addition, he

has led the breakthrough of The Dai-ichi Frontier Life Insurance Co.,

Mamoru Akashi

Ltd. business, as head of the Planning and General Affairs Department. Overall, he has the capacity to carry out duties as an executive officer of The Dai-ichi Life Insurance Company, Limited with precision, fairness and efficiency.

He has been mainly engaged in international life insurance and asset management businesses, in addition to his experience as an overseas trainee. In terms of the overseas business, he has contributed significantly to the growth of overseas business by successfully carrying

Tomohiko Asano out difficult acquisitions including Protective Life Corporation. He is currently engaged in asian operations as a Chief General Manager of Asia Pacific. Overall, he has the capacity to carry out duties as an executive officer of The Dai-ichi Life Insurance Company, Limited with precision, fairness and efficiency.

He has been mainly engaged in the retail business and he has experienced various branch office positions as manager, regional manager, and general manager. He currently leads the Tokyo area business, which has the largest market with an intense competitive

environment as a general manager of the Metropolitan Sales

Mitsuhiro Uehara

Management Dept. He has planned and put in place flexible and prompt measures in response to market changes, such as introducing next- generation branch offices. Overall, he has the capacity to carry out duties as an executive officer of The Dai-ichi Life Insurance Company, Limited with precision, fairness and efficiency.

He has mainly been engaged in product development and management businesses. He has led the product structure reform that drastically changed the product portfolio of The Dai-ichi Life Insurance Company,

Limited., with strong leadership while dramatically changing the strategy

Takahito Shibuya

from life insurance products to third sector products. He is also active as a leader in education of insurance product. Overall, he has the capacity to carry out duties as an executive officer of The Dai-ichi Life Insurance Company, Limited with precision, fairness and efficiency.

18

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

He has mainly been engaged in underwriting and corporate planning businesses. In fiscal year 2018, as general manager of Regulatory Affairs Dept. and as secretariat of the head company of the Life Insurance Association of Japan, he has contributed to enhancing the presence of The Dai-ichi Life Insurance Company, Limited through implementing

appropriate measures to address the issues faced by the life insurance

Shiyouji Takeuchi

industry. He built a strong relationship with the government and the Life Insurance Association of Japan, and contributed to faster and more efficient engagement with the life insurance industry and individual companies. Overall, he has the capacity to carry out duties as an executive officer of The Dai-ichi Life Insurance Company, Limited with precision, fairness and efficiency.

She has mainly been engaged in retail and corporate planning businesses. She demonstrates superior management skills as general manager of the Marketing Strategy Dept. She leads the development of new marketing practices in domestic group sales strategy, InsTech and new business

development domain as well as the development of the small-amount and

Takako Kitahori

short-term insurance business. In addition, she plays a central role in domestic sales strategy, through launching InsTech, planning agency business strategies, and promoting business expansion. Overall, she has the capacity to carry out duties as an executive officer of The Dai-ichi Life Insurance Company, Limited with precision, fairness and efficiency.

He has mainly been engaged in the asset management business and he has extensive experience. He is also actively working to develop asset management human resources through holding financial engineering courses. He has realized structural reform and improved profitability

Takashi Iida during his tenure at the Separate Account Management Dept. Currently, he is developing various initiative to expand the group pension business. Overall, he has the capacity to carry out duties as an executive officer of The Dai-ichi Life Insurance Company, Limited with precision, fairness and efficiency.

19

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

5. Biography of Newly Appointed Executive Officers

Name	Mamoru Akashi
Date of Birth	October 9, 1964
Education	March 1988	Graduated from Keio University,
			Faculty of Business and Commerce
Career History	April	1988	Joined The Dai-ichi Mutual Life Insurance Company
	April	2009	General Manager, Sasebo Sales Branch Office
	April	2011	General Manager, Atsugi Branch Office
	April	2013	Treated like General Manager,
			The Dai-ichi Frontier Life Insurance Co., Ltd.
	April	2015	Treated like Special General Manager
	April	2016	Treated like Executive Officer,
			The Dai-ichi Life Insurance Co., Ltd.
	April	2016	Representative Director, Vice President
			The Dai-ichi Frontier Life Insurance Co., Ltd.
	October 2016	Treated like Executive Officer
			The Dai-ichi Life Holdings, Inc.
	April	2019	Treated like Managing Executive officer

20

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

Name	Tomohiko Asano
Date of Birth	October 7, 1967
Education	March 1990	Graduated from Keio University,
				Faculty of Economics
Career History	April	1990	Joined The Dai-ichi Mutual Life Insurance Company
	April	2011	Treated like General Manager, DIAM Co., Ltd.
	April	2014	General Manager, International Business Management Dept., The
				Dai-ichi Life Insurance Co., Ltd.
	January	2015	General Manager, International Life Insurance Business Unit and
				International Business Management Dept.
	October	2016	General Manager, International Life Insurance Business Unit, The
				Dai-ichi Life Holdings, Inc.
	April	2017	Executive Officer
				General Manager, International Life Insurance Business Unit
	April	2018	Executive Officer
				Chief General Manager, Asia Pacific

21

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

Name	Mitsuhiro Uehara
Date of Birth	December 17, 1966
Education	March 1989	Graduated from Waseda University,
			Faculty of Sociology
Career History	April	1989	Joined The Dai-ichi Mutual Life Insurance Company
	April	2010	General Manager, Fukushima Branch Office, The Dai-ichi Life
			Insurance Co., Ltd.
	April	2014	General Manager, Kyoto Branch Office
	April	2017	Senior General Manager, Metropolitan Sales Management Dept.

22

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

Name	Takahito Shibuya
Date of Birth	November 4, 1967
Education	March 1990	Graduated from Hitotsubashi University,
			Faculty of Business and Commerce
Career History	April	1990	Joined The Dai-ichi Mutual Life Insurance Company
	April	2011	General Manager, Product Development and Management Dept.,
			The Dai-ichi Life Insurance Co., Ltd.
	April	2018	General Manager, Total Life Planning and Sales Training Dept.

23

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

Name	Shiyouji Takeuchi
Date of Birth	February 5, 1971
Education	March 1993	Graduated from Tokyo Metropolitan University,
				Faculty of Law
Career History	April	1993	Joined The Dai-ichi Mutual Life Insurance Company
	April	2014	General Manager, Research Dept., the Dai-ichi Life Insurance
				Co., Ltd.
	August	2015	General Manager, Corporate Planning Dept.
	October	2016	General Manager, Government Relations Dept.

24

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

Name	Takako Kitahori
Date of Birth	July 1, 1969
Education	March 1994	Graduated from The University of Tokyo,
			Faculty of Agriculture
Career History	April	1994	Joined The Dai-ichi Mutual Life Insurance Company
	April	2015	General Manager, Marketing Strategy Dept., Dai-ichi Life
			Insurance Co., Ltd.

25

The Dai-ichi Life Insurance Company, Limited

[Unofficial Translation]

Name	Takashi Iida
Date of Birth	April 5, 1970
Education	March 1994	Graduated from Keio University,
			Faculty of Science and Technology
Career History	April	1994	Joined The Dai-ichi Mutual Life Insurance Company
	April	2015	General Manager, Investment Planning Dept., Dai-ichi Life
			Insurance Co., Ltd.
	April	2016	General Manager, Separate Account Management Dept.
	April	2018	General Manager, Group Pension Business Unit

Investor Contact:

Investor Relations Center Corporate Planning Department [phone]

This press release may contain statements that are "forward-looking statements" regarding our intent, belief or current expectations of management with respect to our future results of operations and financial condition. Any such forward-looking statements are not historical facts but instead represent only our belief regarding future events, many of which, by their nature, are inherently uncertain and outside our control. Important factors that could cause actual results to differ from those in specific forward-looking statements include, without limitation, economic and market conditions, consumer sentiment, political events, level and volatility of interest rates, currency exchange rates, security valuations and competitive conditions. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ.

The Dai-ichi Life Insurance Company, Limited