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Q1 FY2026 Financial Results August 10 , 2026 Sony Financial Group Inc. Sony Financial Group
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Notes Sony Financial Group (“Sony FG”) refers to the financial services group consisting of Sony Financial Group Inc. (“SFGI”), andits subsidiaries including Sony Life Insurance Co., Ltd. (“Sony Life”), Sony Assurance Inc. (“Sony Assurance”), Sony Bank Inc. (“Sony Bank”), Sony Lifecare Inc. (“SLC”), Sony Financial Ventures Inc. (“SFV”), and their subsidiaries and affiliates. The consolidated financial results of Sony FG are prepared in accordance with International Financial Reporting Standards (“IFRS Accounting Standards”) from the fiscal year ending March 31, 2027. Sony Life, Sony Assurance and Sony Bank each prepare consolidated or non-consolidated financial results in accordance with Japanese accounting standards (“J-GAAP”). This presentation also discloses these financial results based on J-GAAP. Unless otherwise indicated, figures, ratios and percentages less than their respective indicated unit in this presentation have been rounded to the nearest whole number or truncated. “Lifeplanner” is a trademark of Sony Life. Company names and product names that appear in this presentation, other than those mentioned above, are trademarks or registered trademarks of Sony Group Corporation or Sony FG companies. The adjusted net income detailed in this presentation excludes the impact of one-time gains and losses. Sony FG considers these metrics to represent businesses’ sustainable earning power and to facilitate assessment, from a management-level perspective, of long-term business expansion through the cycle of investments and returns across Sony FG. While these management metrics are not presented in accordance with J-GAAP or IFRS Accounting Standards, Sony FG believes that these disclosures provide useful information to investors. The adjusted net income is not intended to replace the disclosure in accordance with IFRS Accounting Standards or J-GAAP of the management performance of Sony FG, Sony Life, Sony Assurance, and Sony Bank, but may be referred to as additional information. This presentation contains statements concerning the current plans, expectations, strategies and beliefs of Sony FG. Any statements contained herein that are not historical facts are forward-looking statements or pro forma information. Forward-looking statements may include—but are not limited to—words such as “believe,” “anticipate,” “plan,” “strategy,” “expect,” “assume,” “forecast,” “predict,” “propose,” “intend” and “possibility” that describe future operating activities, business performance, events or conditions. Forward-looking statements, whether spoken or written, may also be included in other materials released to the public. These forward-looking statements and pro forma information are based on assumptions, decisions and judgments made by the management of Sony FG, and are based on informationthat is currently available to them. As such, they are subject to various risks and uncertainties, and actual business results may vary substantially from the forecasts expressed or implied in forward-looking statements. Consequently, investors are cautioned not to place undue reliance on forward-looking statements. Sony FG is under no obligation to revise forward-looking statements or pro forma information in light of new information, future events or other findings. The information contained in this presentation does not constitute or form part of any offer for sale or subscription of or solicitation or invitation of any offer to buy or subscribe to any securities, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever in Japan or abroad. 2
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FY26.Q1 Financial Results Key Points 3 *1 : Total of individual life insurance and individual annuities; the same applies to subsequent pages. *2：Adjusted net income is not a measure in accordance with IFRS Accounting Standards and J-GAAP. However, Sony FG believes that this disclosure may be useful information to investors. For further details about the calculation formula and reconciliations to adjusted net income, see pages 25 and 26; the same applies to subsequent pages. *3：These figures are based on the Internal Management Model. ESR is the ratio of economic value-based capital to the amount of the economic value-based risk. ESR is calculated with reference to European Solvency II, ICS, and economic value-based solvency regulation in Japan for broad management decisions. Note that simplified methods are used for some calculations, and no third-party validation of the calculation process or results is conducted. For assumptions regarding the discount rates and other factors, please refer to the disclosure titled “Disclosure of ‘Economic Value-based Capital’ and ESR as of March 31, 2026” released on May 14, 2026. The same applies to subsequent pages. Topics Annualized premiums from new policies for FY26.Q1 decreased 6.5% YoY to ¥38.0 billion Group consolidated adjusted net income for FY26.Q1 increased 43.6% YoY to ¥31.5 billion, driven by increased adjusted net income in the life insurance, non-life insurance, and banking businesses. Group consolidated ESR was 173% at the end of FY26.Q1, 4pt decreased from the end of FY25. Group consolidated adjusted net income forecast for FY26 remains unchanged, and dividend per share forecast for FY26 remains unchanged at ¥8.0. New Business Results Annualized Premiums from New Policies*1 ¥38.0billion (YoY (6.5)％) Soundness Group Consolidated ESR*3 173% （Down 4pt from the end of FY25） Profit Indicator Group Consolidated Adjusted Net Income*2 ¥31.5billion （YoY +43.6％）
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FY26.Q1 Group Consolidated Adjusted Net Income Results (IFRS Accounting Standards basis) （billion yen） 4 Life insurance business Banking business Non-life insurance business Others 1.8 4.23.4 4.9 17.2 23.1 (0.6) (0.8) 21.9 FY25.Q1 actual FY26.Q1 actual Group Consolidated Adjusted Net Income Life Insurance Business ¥23.1 billion （YoY +¥5.8 billion/+34.1％) YoY (+) Decrease in repo costs and increase in investment income from risk assets, etc. +4.0 (ー) Increase in loss components (2.0) (+) Interest rate hedging aimed at stabilizing adjusted net income +2.0 (+) Increase in CSM amortization, etc. +1.5 21.9 Note 1: The breakdown figures are an approximation. Note 2: Due to the revision of the calculation formula of adjusted net income from FY26, certain FY25 figures have been revised and restated. See page 25 for details of the change in calculation formula. Non-Life Insurance Business ¥4.9 billion （YoY +¥1.4 billion/+42.7％) YoY (+) Effective cost control +0.7 (ー) Increase in insurance claims incurred (0.6) (+) Effect of revenue increase +0.5 (+) Increase in insurance finance income due to rising interest rates +0.4 Banking Business ¥4.2 billion （YoY +¥2.3 billion/+126.3％) YoY (+) Improvement of net interest income in yen and foreign currency operations +2.0 (ー) Increase in operating expenses such as advertising costs (0.9) (+) Increase in revenue from market operations +0.8 FY25.Q1 FY26.Q1 Profit (loss) before income taxes (IFRS) (34.1) 13.7 31.5 （billion yen） YoY (+) Decrease in loss on sale of bonds by Sony Life to strengthen financial foundation
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FY26 Forecast FY26.Q1 YTD （Ref.） (as of May） （as of August） Change Results FY25 Results *2 Group consolidated operating revenue 1,050.0 1,070.0 ＋20.0 268.0 1,017.5 Group consolidated profit (loss) before income taxes (20.0) 37.0 ＋57.0 13.7 (11.4) Group consolidated adjusted net income 110.0 110.0 Unchanged 31.5 107.4 Life insurance business 85.0 85.0 Unchanged 23.1 87.1 Non-life insurance business 12.0 12.0 Unchanged 4.9 10.6 Banking business 15.0 15.0 Unchanged 4.2 12.8 Dividend per share ¥8.0 (interim + year-end) Unchanged FY26 Forecast • The forecast for group consolidated profit (loss) before income taxes has been revised to ¥37.0 billion, reflecting a decrease in losses on bond sales following a review of the assets to be sold at Sony Life, as well as gains on the disposal of equity-method investments related to SP .LINKS Co., Ltd. (former SPSV. *1) *1 Sony Payment Services Inc. *2 Due to the revision of the calculation formula of adjusted net income from FY26, certain FY25 figures have been revised and restated. See page 25 for details of the change in calculation formula. 5 （billion yen）
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40.6 38.0 43.3 43.6 45.4 173.0 38.0 FY25 YTD FY26 YTD Annualized Premiums from New Policies 6 Annualized Premiums from Policy in Force*2 New Business Topics Sony Life｜FY26.Q1 Business Overview Q1 Q3 Q2 Q4 *1 : Single-premium whole life insurance with variable credited interest rates denominated in designated currencies (Non-Medical Underwriting Type). *2：Total of individual life insurance and individual annuities; the same applies to subsequent pages. • Sales of the single-premium whole life insurance*1 with MVA (Market Value Adjustment), launched in February 2026, were strong. • On the other hand, variable individual annuities “SOVANI” remained sluggish, and annualized premiums from new policies for FY26.Q1 decreased YoY. 1,114.4 1,206.5 1,297.4 1,385.1 1,398.8 End of FY25.Q1 1,313.6 End of FY22 End of FY23 End of FY24 End of FY25 End of FY26.Q1 ＜Key Features＞ Competitive credited interest rates Asset management needs Wealth transfer needs Acquisition of new customer segments Single-premium whole life insurance with MVA Strong sales of the new product launched in February 2026 （billion yen） FY26 Forecast ¥180 billion （billion yen）
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2,055.9 2,097.9 56.2 6.1 (41.6) 21.1 End of FY25 End of FY26.Q1 Interest accretion • The CSM balance is steadily increasing due to the steady accumulation of new business CSM. • The proportion of protection-type products with higher profitability and faster CSM release increased, and CSM amortization rose YoY. 7 Breakdown of Pre-Tax CSM*1 Changes (IFRS Accounting Standards) Product Mix (CSM Amortization Basis) Capital-light protection- type products (ex: variable insurance (term type)) Capital-light savings-type products (ex: SOVANI) Capital-intensive products (ex: whole life insurance) Medical Sony Life｜CSM Status New business CSM CSM amortization Economic assumptions, Others 12% 36% 52% 1% (45%) (44%) (11%) Capital intensive products Capital-light savings-type products Capital-light protection-type products Medical Previous year results() （billion yen） 24.1% 22.1% 37.3% 39.2% 16.9% 18.5% 21.7% 20.3% FY25.Q1 FY26.Q1 ¥38.7 billion ¥41.6 billion *1：Reinsurance CSM is not included. (0%)
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Sony Life｜Sales Channels • Lifeplanner channel continues to expand steadily. • In the agency channel, although the number of Agency Supporters temporarily declined due to personnel reassignments at the beginning of FY26, progress toward the target is generally on track. 88 5,795 6,031 6,067 End of FY24 End of FY25 End of FY26.Q1 FY26 forecast 265 318 299 Approx. 320 End of FY24 End of FY25 End of FY26.Q1 FY26 forecast Number of Lifeplanner Sales Specialists*1 Number of Agency Supporters (19) +36 (people) FY30 target：7,000 FY30 target：400 (people) *1 Figures include Lifeplanner sales specialists who belong to Sony Life Communications Co., Ltd. *2 Previously disclosed figures have been revised due to differences in the timing of recording retirements following the passing of Lifeplanner sales specialists. Approx. 6,100 Including (24) personnel reassignments at the beginning of FY26 *2
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3.9 4.4 6.7 7.0 6.0 5.7 5.5 2.5 3.4 9.6 9.9 9.0 6.8 9.3 4.0 4.5 6.2 6.6 5.6 5.6 5.1 FY20 FY21 FY22 FY23 FY24 FY25 FY26.Q1 Total Foreign currency Yen Sony Life｜Lapse and Surrender Rate • The annualized lapse and surrender rate for FY26.Q1 was 1.4% (annualized 5.5%), a slight increase YoY. • Lapse and surrender rates have recently increased slightly for certain products, including foreign currency-denominated insurance, mainly due to the rapid depreciation of yen. 9 FY25.Q1 FY26.Q1 Total 1.2% 1.4% Foreign currency 1.4% 2.3% Yen 1.2% 1.3% 40-year JGB (compound yield) 0.69% 0.95% 1.39% 1.94% 2.69% 3.71% 3.79% USD/JPY 110.71 122.39 133.53 151.41 149.52 159.88 162.39 Yen Depreciation （%） Note: Lapse and surrender rate is the ratio of the amount of contracts that are cancelled or expired, excluding reductions orincreases in contract amounts and reinstatements, divided by the amount of policies in force at the beginning of the fiscal year. The breakdown figures for foreign currency-denominated and yen-denominated insurance exclude former Sony Life With Insurance. Figures for foreign currency-denominated insurance are presented in the original currencies before conversion into yen. (annualized)
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Sony Life | Verification for Customers 10 Regarding the customer verification process covering approximately 2.8 million customers, notification letters have been sent to substantially all customers, and the process is progressing as planned. During the course of the verification process, two cases involving the misappropriation of customer funds by former sales representatives in connection with insurance business activities were identified. The total amount involved was approximately 1.5 million yen, which has since been fully repaid by the former sales representatives. To raise awareness among customers and encourage vigilance, Sony Life disclosed these cases on August 4, 2026. Sony Life plans to provide an update on the progress of the verification process around mid-September 2026.
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Sony Assurance｜FY26.Q1 Overview (J-GAAP) • Direct premiums written increased YoY, primarily driven by auto insurance. • Although the loss ratio rose due to factors including higher average claim payouts, the combined ratio improved to 85.5%, below the same period of the previous fiscal year, driven by progress in cost control. 11 Direct Premiums Written Combined Ratio (E.I. Loss Ratio + Net Expense Ratio excluding impact of natural disasters) *1: Earthquake insurance and Compulsory automobile liability insurance are excluded from E.I. loss ratio. 42.6 48.2 3.7 5.2 2.4 2.548.8 56.1 FY25.Q1 FY26.Q1 Auto Fire Others 62.2 63.8 24.5 21.7 86.7 85.5 FY25.Q1 FY26.Q1 E.I. loss ratio Net expense ratio 61.9 63.1 24.5 21.7 86.4 84.8 FY25.1Q FY26.Q1 E.I. loss ratio Net expense ratio （billion yen） FY26 Forecast ¥220 billion Combined Ratio (E.I. Loss Ratio + Net Expense Ratio) *1 FY26 Forecast 91.6% （%） *1 （%）
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Sony Bank｜FY26.Q1 Overview（Deposits/J-GAAP） 12 • Although foreign currency deposit balances decreased from the end of FY25 due to profit-taking sales amid the yen’s depreciation and transfers to yen deposits, total deposit balances remained essentially unchanged as the proceeds stayed in yen deposits. Deposits at End of Period 185.5 176.6 584.9 585.1 770.5 761.7 End of FY25 End of FY26.Q1 Ordinary deposits Term deposits （billion yen） 1,649.8 1,678.5 2,291.1 2,311.2 3,941.0 3,989.8 End of FY25 End of FY26.Q1 Liquid deposits Term deposits Trends in Deposit Balances among Foreign Currency Holders 771.1 770.5 761.7 1,384.0 1,510.8 1,490.8 2,155.2 2,281.3 2,252.5 5.62 5.76 5.76 End of FY24 End of FY25 End of FY26.Q1 Numbers of foreign deposits （10 thousand) Deposit balance per account （million yen） Foreign currency deposits Yen deposits （billion yen） （billion yen） Foreign Currency Deposit Yen Deposit 38 39 FY26 Forecast ¥810 billion FY26 Forecast ¥4.3 trillion 39
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Transition of Group Consolidated ESR • Despite further interest rate increases from the end of FY25, group consolidated ESR at the end of FY26.Q1 was 173%, due to the effects of financial improvement measures and the accumulation of new policies. • The total amount of bonds sold through FY26.Q1 was approximately 120 billion yen. 2.28 2.32 2.34 2.31 2.24 2.21 1.21 1.26 1.27 1.29 1.26 1.27 189% 184% 185% 179% 177% (Regulatory ESR 190%*2) 173% End of FY24 End of FY25.Q1 End of FY25.Q2 End of FY25.Q3 End of FY25 End of FY26.Q1 Economic value-based capital Economic value-based risk, post-tax Group consolidated ESR Group Consolidated ESR (Economic value-based Capital *1 / Economic Value-based Risk, Post-tax) (trillion yen) 40-year JGB (compound yield) 2.69% 3.09% 3.31% 3.48% 3.71% 3.79% (Ref.) Sony Life non-consolidated ESR 168% 163% 165% 163% 162％ 156% 13 *1: Subordinated debt is included; the same applies to subsequent pages. *2: For further details on the Regulatory ESR, please refer to page 21. The figure shown above is preliminary and may be subject to revision. Final figures are expected to be disclosed on our website in early September, 2026. Group consolidated ESR Maximum target 215% Group consolidated ESR Minimum target 165% Sensitivity of group consolidated ESR 50bp increase in yen interest rate (estimated) Approx. (10)pt (Regulatory ESR 175%*2)
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FY26 Group Consolidated Adjusted Net Income Forecast 15 Interest rate assumption (40-years JGB, compound yield) 12.8 12.8 15.0 10.6 10.6 12.0 84.8 87.1 85.0 (3.2) (3.2) (2.0) FY25 actual (before revision) FY25 actual FY26 forecast （billion yen） Life insurance business Banking business Non-life insurance business Others 105.1 110.0 Group Consolidated Adjusted Net Income Sensitivity of adjusted net income*1 10bp increase in interest rate (estimated) : Approx. ¥(0.4) billion per year Life Insurance Business ¥85.0 billion （YoY ¥(2.0) billion / (0.2)％) YoY (+) Increase in CSM amortization, etc. +6.0 (+) Decrease in repurchase cost, etc. +6.0 (including (2.0) from the revision of the adjusted net incomedefinition) *Definition on P25 (ー) Increase in loss components (6.0) (ー) Increase in tax expenses (3.0) Non-Life Insurance Business ¥12.0 billion （YoY +¥1.4 billion / +13.2％) YoY (+) Improving operational expense efficiency +1.5 (+) Effect of revenue increase for auto insurance +1.5 (ー) Increase in insurance claims payment (2.0) Banking Business ¥15.0 billion （YoY +¥2.2 billion / +17.2％) YoY (+) Improvement in cash flow in the yen business +3.5 (+) Increase in revenue from market operations +3.0 (ー) Increase in operating expenses, such as system costs (4.0) YoY (ー) Absence of net gains related to market fluctuations at Sony Life*3 (+) Decrease in loss on sale of bonds for strengthening financial base at Sony Life FY25 FY26 forecast (as of May） FY26 forecast （as of Aug.） Income before income taxes (IFRS) (11.4) (20.0) 37.0 （billion yen） *1：Assuming portfolio holdings are held constant. *2：Due to the revision of the calculation formula of adjusted net income from FY26, certain FY25 figures have been revised and restated. See page 25 for details of the change in calculation formula. *3：Market conditions are assumed not to fluctuate significantly from the levels as of March 31, 2026. 3.9% (Monthly average in Jul 2026) Retroactive revision *2 107.4
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Sony Life｜Breakdown of Annualized premiums from New Policies 16 8.7 8.2 8.2 9.9 8.1 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 9.1 9.9 9.4 10.2 8.6 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 3.8 4.3 4.4 4.3 3.5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 18.5 20.3 20.8 20.4 17.3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 FY25 FY26 LP Channel and Individual Agency Channel and Individual LP Channel and Corporate Agency Channel and Corporate （billion yen） （billion yen） （billion yen） （billion yen） FY25 FY26 FY25 FY26 FY25 FY26 Note 1：Annualized premiums from new policies by channel and target customer are calculated by allocating annualized premiums from new policies based on internal management figures for sales performance across LP/Agency channel and Individual/Corporate customers. The total annualized premiums from new policies include other channels not covered by the above categories. The same applies to subsequent pages.
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Sony Life｜Breakdown of IFRS New Business Value (Post-tax) 17 • IFRS New Business Value for the first quarter of FY26 decreased YoY due to a decline in sales volume and changes in product mix, etc. LP Channel and Individual Agency Channel and Individual LP Channel and Corporate Agency Channel and Corporate （billion yen） （billion yen） （billion yen） （billion yen） 12.8 12.5 12.1 14.0 10.5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 14.1 16.2 15.0 15.2 12.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 4.5 4.9 5.1 5.0 3.3 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 21.7 23.7 23.8 23.7 16.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Note1：IFRS New Business Value (NBV) is calculated as the total of new business CSM and new business loss component, using Sony Life’s effective tax rate. Unless otherwise stated, IFRS NBV is presented post-tax basis; the same applies to subsequent pages. Note2：IFRS NBV by channel and target customer is calculated by dividing annualized premium from new policies for each product into LP/Agency channel and Individual/Corporate customer, and allocating IFRS NBV for each product based on these proportions and totaling these IFRS NBV by channel and target customers; the same applies to subsequent pages. FY25 FY26 FY25 FY26 FY25 FY26 FY25 FY26
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2,068.5 2,067.4 75.7 6.2 (38.7) 3.6 End of FY24 New business CSM Interest accretion CSM amortization Revision of insurance assumptions Revision of economic assumptions FX imapct Expected vs actual experience of in-force contracts Reclassification to the loss component End of FY25.Q1 Breakdown of Sony Life’s Pre-tax CSM Movement (IFRS Accounting Standards) Note1：Reinsurance CSM is not included. Note2：The audits and review on the financial information based on IFRS Accounting Standard by the audit firm on a voluntary basis commenced since Q2 FY2025, and certain figures for FY2024 have been revised and restate. *1：Impact of deviations in surrender and other experience from initial assumptions on expected future profits. Approx. (44.0) （billion yen） （billion yen） Mainly surrender 2,055.9 2,097.9 56.2 6.1 (41.6) 2.2 End of FY25 New business CSM Interest accretion CSM amortization Revision of insurance assumptions Revision of economic assumptions FX imapct Expected vs actual experience of in-force contracts Reclassification to the loss component End of FY26.Q1 Approx. (1.0) Approx. 5.0 *1 18 occurred only in Q4 occurred only in Q4 Approx. (4.0) Approx. 14.0 Mainly driven by higher future profits resulting from growth in SOVANI’s AUM Approx. 8.0 *1
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Sony Life｜ Trend in Loss Components 19 Yen Denominated (billion yen) FY25 FY26 U.S. Dollar Denominated (billion yen) 25.2 28.5 31.6 41.5 47.3 3.1 3.6 3.6 10.1 6.5 3.09% 3.31% 3.48% 3.71% 3.79% １Q ２Q ３Q ４Q 1Q 2Q 3Q 4Q Loss component balance Amount of loss recognized (pre-tax) 40-year JGBs (compound yield) 29.3 30.4 31.6 28.3 30.0 1.4 0.7 0.2 (1.7) 0.8 4.78% 4.73% 4.85% 4.91% 4.95% １Q ２Q ３Q ４Q 1Q 2Q 3Q 4Q Loss component balance Amount of loss recognized (pre-tax) 30-year U.S. treasuries (compound yield) Note 1：Amount of loss recognized (pre-tax) includes the effect of reinsurance. FY25 FY26
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Factors for Changes in Group Consolidated ESR 20 • Through measures implemented to date and the acquisition of new policies, we have mitigated the decline in ESR caused by rising interest rates. 177% 173% (7)pt +1pt +3pt (2)pt +1pt End of FY25 Impact due to interest rate rise New policy acquisition Effects of measures Shareholder Returns Others End of FY26.Q1 Use of derivatives & sales of bonds 3.71％ 3.79％ +8bp Note1 : The breakdown of the fluctuation amount is an approximate value. 40-years JGB (compound yield) Dividends
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Regulatory ESR (End of FY25 Preliminary) 21 (trillion yen) Internal ESR Regulatory ESR*1 Group consolidated ESR 177% 190% Economic value-based capital 2.24 2.28 Economic value-based risk, post-tax 1.26 1.20 Sony Life non-consolidated ESR 162% 175% Economic value-based capital 1.91 1.96 Economic value-based risk, post-tax 1.18 1.12 • The difference between the regulatory standard model ESR (Regulatory ESR) and the internal management model ESR (Internal ESR) is primarily attributable to differences in the discount rates used to measure insurance liabilities for capital calculations and in the methodologies used to measure interest rate risk for risk calculations. *1：The figures shown above are preliminary and may be subject to revision. Final figures are expected to be disclosed on our website in early September, 2026.
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Sony Bank｜FY26.Q1 Overview（Spread/J-GAAP） 22 • In the foreign currency business, a high level of interest margin compared to the yen business was secured through appropriate deposit rate management. • In the yen business, in response to the increased interest rates following the Bank of Japan's policy rate hike, Sony Bank adjusted its mortgage loan rates and deposit interest rates, while maintaining loan-deposit spread at the FY25 level. Security-Deposit Spread (Foreign Currency) 6.1% 4.4% 4.4%4.2% 3.1% 2.9% 1.9% 1.3% 1.5% FY24 FY25 FY26.Q1 Security investment yield Deposit yield Security-deposit spread Loan-Deposit Spread (Yen) 0.97% 1.34% 1.45% 0.23% 0.48% 0.61% 0.74% 0.85% 0.84% FY24 FY25 FY26.Q1 Loan yield (mortgage loans) Deposit yield Loan-deposit spread Note 1：The definition of spread are defined in accordance with the disclosure.
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Customer Satisfaction Survey Results of Sony FG Companies 23 Rating Organization Sony Life Sony Assurance Sony Bank NTT DOCOMO Business X / NPS® Benchmark Survey*1 2026 "Life Insurance Sector" No.1 (2nd consecutive year) 2026 "Life Insurance Sector, Claims Experience Survey" No.1 (3rd consecutive year) 2026 "Life Insurance Sector, After-Follow Survey" No.1 (5th consecutive year) 2025 "Life Insurance Sector, Contact Center Survey" No.1 2026 "Direct-Type Auto Insurance" No.1 (7th consecutive year) 2026 "Banking Sector" No.1 Oricon / Oricon Customer Satisfaction® Survey — 2026 "Auto Insurance, Direct Type" No.1 (9th consecutive year*2) 2026 "Fire Insurance" No.1 (7th consecutive year) 2026 "Foreign Currency Deposits" No.1 (7th consecutive year) 2026 "Debit Card" No.1 (survey launched in FY2026) 2026 “Mortgage Loans (Expert Evaluation): Repayment Support” No. 1 (announced in 2026) HDI-Japan / HDI Rating Benchmark — 2025 [Non-Life Insurance Industry] Highest rating "Three Stars" in "Web Support" and "Inquiry Desk“ ("Web Support" 16th consecutive year; "Inquiry Desk" 13th time, 3rd consecutive year) 2026 [Banking Industry] Highest rating "Three Stars" in "Web Support" and "Inquiry Desk“ ("Web Support" 14th time, 7th consecutive year; "Inquiry Desk" 12th time) *1: NPS® is a registered trademark of Bain & Company, Fred Reichheld, and Satmetrix Systems (currently NICE Systems, Inc.). *2: Awarded as the overall No.1 in "Auto Insurance" from 2018 to 2023, and in "Auto Insurance, Direct Type" from 2024 to 2026.
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Shareholder Return FY25 FY26 forecast *1：Due to the partial spin-off of SFGI by Sony Group Corporation taking effect on October 1, 2025, we paid a half-year dividend for FY25. *2：Total dividend amount: 25.6 billion yen. • In FY25, a year-end dividend of 3.8 yen per share was paid. For FY26, we plan to pay a total dividend of 8.0 yen per share for the interim and year-end dividends. Dividend per share Dividend per share （year-end*1） ¥3.8*2 （interim + year-end） ¥8.0 （YoY(annualized) +5%) （annualized） ¥7.6 Payout ratio (FY25 is annualized） 49％ 49％ • Dividends are our top priority • In principle, the annual dividend per share will not be reduced, and stable dividend growth will be pursued. • Payout ratio of 40% to 50% of IFRS adjusted net income is used as a guideline • The year-end dividend for FY25 was 3.8 yen per share (for the half-year) • For FY26, we plan to pay dividends twice a year: an interim dividend of 4.0 yen and a year-end dividend of 4.0 yen. Basic shareholder return policy DividendRepurchase of shares • Share repurchases will be considered in light of the balance between capital levels and growth investments. (FY25 share repurchases: ¥69.8 billion, 440 million shares of which 379 million shares have been cancelled.) 24
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Definitions of Adjusted Net Income (after FY26) Sony FG Consolidated Adjusted net income SFGI consolidated net income (IFRS Accounting Standards) － Adjustments for each entity Adjustments for each segment (post-tax) Life insurance business Investment income (net)related to variable insurance*2 and foreign currency translation differences (excluding the equivalent of hedge costs*1) Unrealized gains/losses related to variable insurance within insurance finance expenses (income)*3 and foreign currency translation differences Valuation gains/losses on ALM-related hedges (excluding the equivalent of hedge costs*1) Gains/losses on sales of securities Other one-time gains/losses Non-life insurance business, Banking business, Others One-time gains/losses • “Adjusted net income” has been adopted as a management performance measure to assess the growth of underlying earnings by excluding market fluctuations and temporary factors from net income. • From FY26, "Valuation gains/losses on ALM-related hedges (excluding the equivalent of hedge costs*1)" has been added as an adjustment item. • There is no change to the fundamental concept of adjusted net income; this revision is intended to more appropriately reflect sustainable earning power. 25 *1：Transaction fees and margin costs required to maintain hedge positions. Includes current accrued interest from bonds designated as measured at fair value through net profits/losses (fair value option (FVO)-designated) based on the interest rate at the beginning of the period. *2：Arising from financial assets held in respect of variable life insurance and variable individual annuity insurance and measured at fair value through profit or loss. *3：Effect of changes in the value of underlying items of variable life insurance and individual variable annuity insurance and changes in interest rates and other financial risks.
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Reconciliation from Net Income to Adjusted Net Income *1：Transaction fees and margin costs required to maintain hedge positions. Includes current accrued interest from bonds designated as measured at fair value through net profits/losses (FVO designated) based on the interest rate at the beginning of the period. *2：Arising from financial assets held in respect of variable life insurance and variable individual annuity insurance and measured at fair value through profit or loss. *3：Effect of changes in the value of underlying items of variable life insurance and individual variable annuity contracts and changes in interest rates and other financial risks. *4：The audits and review on the financial information based on IFRS Accounting Standard by the audit firm on a voluntary basis commenced since Q2 FY2025, and figures for Q1 FY2025 have been restated after revision. *5： Due to the revision of the calculation formula of adjusted net income from FY26, certain FY25 figures have been revised and restated. See page 25 for details of the change in calculation formula. 26 (billion yen) FY25.Q1 FY25.Q2 YTD FY25.Q3 YTD FY25.Q4 YTD FY26.Q1 FY26.Q2 YTD FY26.Q3 YTD FY26.Q4 YTD Profit (loss) before income taxes (IFRS Accounting Standards) (34.1) 25.4 60.5 (11.4) 13.7 - - - Profit (loss) (IFRS Accounting Standards) (24.4) 17.2 42.0 (8.6) 9.1 - - - Total adjustment items 46.4 29.8 35.7 116.1 22.3 - - - Life insurance business related adjustments 46.4 29.8 35.7 116.1 22.3 - - - Investment income (net) related to variable insurance*2 and foreign currency translation differences (excluding the equivalent of hedge costs, etc.*1) (70.0) (286.0) (603.7) (193.2) (704.3) - - - Unrealized gains/losses related to variable insurance within insurance financial gains/losses*3 and foreign currency translation differences 31.2 224.4 547.6 168.1 699.8 - - - Valuation gains/losses on ALM-related hedges (excluding the equivalent of hedge costs, etc.*1) 2.2 1.6 2.5 3.2 0.5 - - - Gains/losses on sales of securities 102.1 102.1 104.1 182.7 36.2 - - - Other one-time gains/losses - - - - - - - - Tax effects related to the above (19.1) (12.3) (14.7) (44.8) (9.9) - - - Non-life insurance business related adjustments - - - - - - - - Banking business related adjustments - - - - - - - - Other adjustments items - - - - - - - - Adjusted net income (post-tax) 21.9 47.1 77.8 107.4 31.5 - - - • The impact of ALM-related hedge gains/losses, which was previously limited, is expected to increase in materiality as transactions expand. • Added “Valuation gains/losses on ALM-related hedges (excluding the equivalent of hedge costs*1)”as an adjustment item in order to exclude temporary profit fluctuations caused by accounting mismatches and to more appropriately capture intrinsic earning power.
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Segment information 27 Note 1：The audits and review on the financial information based on IFRS Accounting Standards by the audit firm on a voluntary basis commenced since Q2 FY2025, and figures for Q1 FY2025 have been restated after revision. Unit : million yen FY25.Q1 FY25.Q2 YTD FY25.Q3 YTD FY25.Q4 YTD FY26.Q1 FY26.Q2 YTD FY26.Q3 YTD FY26.Q4 YTD Operating profit (IFRS/Consolidated) 242,622 494,856 753,879 1,017,555 268,033 Life insurance business 170,756 344,513 523,272 705,814 182,443 Non-life insurance business 42,687 88,467 135,013 182,654 49,145 Banking business 25,730 54,961 85,083 117,006 32,978 Profit (loss) before income taxes (IFRS/Consolidated) -34,105 25,403 60,521 -11,450 13,723 Life insurance business -41,192 11,407 38,121 -41,822 1,642 Non-life insurance business 4,859 6,289 9,738 14,881 6,898 Banking business 2,765 8,820 14,460 18,350 6,002 Adjusted net income (Consolidated) 21,943 47,106 77,830 107,443 31,503 Life insurance business 17,264 37,868 62,938 87,162 23,146 Non-life insurance business 3,489 4,655 7,174 10,681 4,979 Banking business 1,862 5,861 9,740 12,846 4,214
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Sony Life｜Insurance service result breakdown 28*1: Contractual service margin *2: IACF (Insurance acquisition cash flows): Cash flows from expenses which are directly attributable to acquisition of insurance contracts Unit : million yen FY25.Q1 FY25.Q2 YTD FY25.Q3 YTD FY25.Q4 YTD FY26.Q1 FY26.Q2 YTD FY26.Q3 YTD FY26.Q4 YTD Insurance service result 40,637 84,032 129,679 170,858 41,280 Insurance revenue 120,895 243,720 370,677 501,624 129,963 CSM*1 amortization 38,778 77,826 118,316 157,728 41,623 Risk adjustment release 7,800 15,792 23,976 32,286 8,214 Expected claims 29,283 58,554 88,546 118,116 30,513 Expected administrative expenses for the maintenance of contracts 15,323 31,250 47,809 64,956 16,938 Recovery of IACF*2 29,907 60,638 92,534 127,385 33,147 Others -198 -343 -505 1,149 -474 Insurance service expenses -80,267 -159,198 -240,647 -329,334 -89,008 Incurred claims -29,515 -57,007 -84,957 -114,700 -29,622 Administrative expenses for the maintenance of contracts -16,029 -32,338 -49,443 -64,102 -17,409 Amortization of IACF*2 -29,907 -60,638 -92,534 -127,385 -33,147 Loss component -4,795 -9,300 -13,210 -20,117 -8,254 Others -19 86 -502 -3,029 -574 Net expenses from reinsurance contracts 9 -488 -350 -1,431 326
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Sony Life｜ Profit (loss) before income taxes breakdown 29*1: Overhead expenses that are not directly attributable to fulfilling insurance contracts. Unit : million yen FY25.Q1 FY25.Q2 YTD FY25.Q3 YTD FY25.Q4 YTD FY26.Q1 FY26.Q2 YTD FY26.Q3 YTD FY26.Q4 YTD Profit (loss) before income taxes -40,908 11,903 38,813 -40,926 2,720 Insurance service result 40,637 84,032 129,679 170,858 41,280 Finance result -71,425 -51,998 -60,064 -172,103 -27,309 Net investment returns 4,149 261,540 620,494 172,944 714,539 Interest income from debt instruments required to be measured at FVOCI 44,082 89,147 135,181 180,611 46,409 Financial assets measured at FVPL 116,509 289,099 525,530 75,642 677,413 Foreign exchange gains and losses -48,071 -3,512 80,186 120,171 31,050 Others -108,371 -113,194 -120,403 -203,481 -40,334 Of which, gains/losses on sales of securities -102,139 -102,139 -104,109 -182,799 -36,216 Of which, repurchase cost -6,997 -12,483 -18,140 -22,387 -3,729 Insurance finance gains and losses -75,595 -313,598 -693,796 -365,854 -750,672 Interest accreted -48,023 -96,454 -145,494 -195,302 -51,058 Effect of changes in the value of underlying items of variable life insurance and individual variable annuity contracts and changes in interest rates and other financial risks -80,543 -228,563 -475,959 -62,203 -674,905 Foreign exchange gains and losses 49,260 4,117 -83,022 -122,338 -30,302 Others 3,711 7,302 10,680 13,989 5,594 Reinsurance gains and losses 20 58 13,236 20,806 8,823 Interest accreted 26 54 1,934 4,431 3,464 Foreign exchange gains and losses -7 5 11,304 16,373 5,341 Other result -10,120 -20,130 -30,801 -39,680 -11,251 Selling, general, and administrative expenses*1 -14,226 -28,487 -43,121 -53,908 -15,468 Others 4,106 8,357 12,320 14,228 4,217
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Sony Life｜Balance Sheets 30 Unit : million yen As of Mar 31, 2026 As of Jun 30, 2026 As of Sep 30, 2026 As of Dec 31, 2026 As of Mar 31, 2027 Assets 15,328,304 16,083,316 Yen-denominated bonds (fixed) 5,507,401 5,297,800 Dollar-denominated bonds 1,281,444 1,318,700 Separate accounts 5,554,049 6,397,200 Yen-denominated bonds (variable) 578,025 489,800 Risk assets 193,463 226,200 Other assets 2,213,920 2,353,616 Liabilities and net assets 15,328,304 16,083,316 Yen-denominated fixed insurance 4,192,253 4,072,805 Yen repo 654,797 700,900 Dollar-denominated insurance 1,265,448 1,352,405 Dollar repo 220,447 233,700 Yen-denominated variable insurance 4,444,724 5,135,527 Portion attributable to policyholders as benefit from investment performance of separate accounts 5,806,420 6,573,198 Portion attributable to company as minimum guarantee / Operating expenses balance -1,361,695 -1,437,670 CSM, others 2,600,990 2,641,435 Other liabilities 1,353,442 1,397,543 Net assets 596,200 548,998
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Sony Life｜CSM balance and Comprehensive Equity (IFRS Accounting Standards) 31 *1: Reinsurance CSM is not included. Note1：The audits and review on the financial information based on IFRS Accounting Standards by the audit firm on a voluntary basis commenced since Q2 FY2025, and figures as of June 30, 2025 have been restated after revision. Note1: The audits and review on the financial information based on IFRS Accounting Standards by the audit firm on a voluntarybasis commenced since Q2 FY2025, and figures as of June 30, 2025 have been restated after revision. Unit : million yen As of Jun 30, 2025 As of Sep 30, 2025 As of Dec 31, 2025 As of Mar 31, 2026 As of Jun 30, 2026 As of Sep 30, 2026 As of Dec 31, 2026 As of Mar 31, 2027 Pre-tax CSM*1 (closing) 2,067,445 2,097,692 2,133,443 2,055,961 2,097,936 New business CSM 75,784 157,379 237,566 318,760 56,289 CSM amortization -38,778 -77,826 -118,316 -157,728 -41,623 Other -38,074 -50,373 -54,319 -173,582 27,308 FX impact -3,668 -384 6,721 9,887 2,285 Interest accretion 6,255 12,704 19,412 26,392 6,150 Impact of assumption changes, etc. -40,661 -62,693 -80,453 -209,863 18,872 Unit : million yen As of Jun 30, 2025 As of Sep 30, 2025 As of Dec 31, 2025 As of Mar 31, 2026 As of Jun 30, 2026 As of Sep 30, 2026 As of Dec 31, 2026 As of Mar 31, 2027 IFRS comprehensive equity 2,202,376 2,238,438 2,180,956 2,060,811 2,047,570 Total equity 733,335 747,718 659,089 596,200 548,998 Post-tax CSM 1,469,040 1,490,720 1,521,866 1,464,610 1,498,572
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Sony Life｜Policies and Sales channels 32 *1: Total amount of protection provided by Sony Life for policyholders. *2: Total of individual life insurance and individual annuities. *1: Total amount of protection provided for new policies sold from the beginning of the fiscal year to the end of each quarter. *2: Total of individual life insurance and individual annuities. Unit : million yen As of Jun 30, 2025 As of Sep 30, 2025 As of Dec 31, 2025 As of Mar 31, 2026 As of Jun 30, 2026 As of Sep 30, 2026 As of Dec 31, 2026 As of Mar 31, 2027 Policy amount in force*1,2 73,184,620 74,808,508 76,410,122 77,308,784 78,630,511 Annualized premiums from policy in force*2 1,313,682 1,337,919 1,363,827 1,385,196 1,398,893 Unit : million yen FY25.Q1 FY25.Q2 YTD FY25.Q3 YTD FY25.Q4 YTD FY26.Q1 FY26.Q2 YTD FY26.Q3 YTD FY26.Q4 YTD New policy amount*1,2 2,591,184 5,446,379 8,184,901 10,939,149 2,381,305 Annualized premiums from new policies*2 40,693 84,017 127,630 173,046 38,067 Unit : people As of Jun 30, 2025 As of Sep 30, 2025 As of Dec 31, 2025 As of Mar 31, 2026*1 As of Jun 30, 2026 As of Sep 30, 2026 As of Dec 31, 2026 As of Mar 31, 2027 Number of Lifeplanner sales specialists 5,816 5,832 5,822 6,031 6,067 Number of Agency supporters 299 313 317 318 299 *1：Previously disclosed figure of Lifeplanner has been revised due to differences in the timing of recording retirements following the passing of Lifeplanner sales specialists.
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Sony Assurance｜Transition of KPI 33 *1: Earthquake insurance and Compulsory automobile liability insurance are excluded from E.I. loss ratio. Unit : million yen FY25.Q1 FY25.Q2 YTD FY25.Q3 YTD FY25.Q4 YTD FY26.Q1 FY26.Q2 YTD FY26.Q3 YTD FY26.Q4 YTD Direct premiums written 48,897 96,618 146,661 199,523 56,160 E.I. loss ratio*1 62.2% 67.8% 68.4% 68.2% 63.8% Expense ratio 24.5% 24.2% 24.1% 24.6% 21.7%
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Sony Bank｜Transition of KPI 34 Unit : million yen, thousand accounts As of Jun 30, 2025 As of Sep 30, 2025 As of Dec 31,2025 As of Mar 31, 2026 As of Jun 30, 2026 As of Sep 30, 2026 As of Dec 31,2026 As of Mar 31, 2027 Mortgage loan balance*1 3,646,394 3,617,289 3,582,304 3,550,309 3,525,944 Yen deposits 3,715,127 3,800,697 3,863,579 3,941,023 3,989,809 Foreign currency deposits 724,614 736,272 733,665 770,544 761,770 Number of accounts 2,072 2,097 2,128 2,146 2,182 *1: Figures are based on J-GAAP.