[Unofficial translation]

May 13, 2011

Koichiro Watanabe
President and Representative Director
The Dai-ichi Life Insurance Company, Limited
Code: 8750 (TSE First section)

Disclosure of European Embedded Value as of March 31, 2011 (Summary)

The Dai-ichi Life Insurance Company, Limited (hereinafter “Dai-ichi Life”) hereby
discloses the European Embedded Value (“EEV”) of Dai-ichi Life and Dai-ichi Frontier
Life Insurance Co., Ltd (hereinafter “Dai-ichi Frontier Life” or “DFL”) (collectively,
the “Group”) as of March 31, 2011.

To continue reading, please go to the following page:
http://www.dai-ichi-life.co.jp/english/investor/ir/financial/results/2010/pdf/index_033.pdf