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In forceCapitalLast checked 13 November 2026

Economic value-based solvency ratio disclosure, insurance companies (経済価値ベースのソルベンシー規制に係る開示)

A regulatory return listed by the Financial Services Agency (Japan) (JFSA), Japan.

Insurance companies must publicly disclose their economic value-based solvency ratio and the figures behind it, in the forms set by the FSA's Pillar 3 notice (Insurance Business Act Article 111). This disclosure is the third pillar of the FSA's economic value-based solvency regime, which also has a standard model to calculate the ratio (Article 130) and supervisory review of risks the model does not capture (Article 132). The regime aims at contract-holder protection, more advanced risk management by insurers, and better information for consumers and market participants. This is a public disclosure that each insurance company publishes itself; it is not a report filed with the FSA. Source

Official title: 経済価値ベースのソルベンシー規制等

The facts

Who files
Insurance companies on the economic value-based solvency standard (whether all insurance companies, or only some, with others staying on an earlier standard, was not confirmed in this session; see gaps). Source
How often
Disclosed once a year, covering the two most recent business years. Source
Deadline
Not stated in the documents read. Source
Format
Other. Published by each insurance company itself; no fixed electronic file format was found in this session. Source
How it is filed
The format above is what the library records; what could not be verified is on the JFSA's page.
Status
In forceFirst applied for the fiscal year ending 31 March 2026, replacing the solvency margin ratio standard as the main solvency test for insurance companies on this standard; the two Pillar 1 and Pillar 3 notices were both further amended on 23 March 2026. Source
Legal basis
Group
Capital

Templates (14)

The tables and forms inside the return. Plain name first, the JFSA's code in brackets.

  • Solvency ratio, eligible capital and required capital (solo) (別紙様式第一号)
  • Solvency ratio, eligible capital and required capital (consolidated, deduction-and-aggregation method) (別紙様式第一号の二)
  • Composition of eligible capital (別紙様式第二号)
  • Composition of required capital (別紙様式第三号)
  • Economic value-based balance sheet (solo) (別紙様式第四号)
  • Economic value-based balance sheet (solo, subsidiary-shares special method) (別紙様式第四号の二)
  • Economic value-based balance sheet (consolidated) (別紙様式第四号の三)
  • Economic value-based balance sheet (consolidated, subsidiary-shares special method) (別紙様式第四号の四)
  • Foreign securities valuation difference adjustment (solo) (別紙様式第五号)
  • Foreign securities valuation difference adjustment (solo, special method) (別紙様式第五号の二)
  • Securities economic value adjustment by type (consolidated) (別紙様式第五号の三)
  • Insurance liability difference adjustment by product (別紙様式第六号)
  • Sensitivity analysis of the solvency ratio, eligible capital and required capital (別紙様式第七号)
  • Analysis of changes in eligible capital and required capital (別紙様式第八号)

Read directly from the Pillar 3 Notice's own cross-references between each disclosure item and its form number. Source

Validation rules

No published validation rules were found for this return. Legal text defining the disclosure, not a published set of validation rules. Source

Public data

Each firm publishes its own, on its website; the regulator does not collect it into one dataset. Each insurance company discloses its own economic value-based solvency ratio and underlying figures as required by this notice; there is no single FSA webpage collecting them. Source

Official documents (4)

The JFSA's own files, with the size and SHA-256 fingerprint of each as downloaded on 13 November 2026, so anyone can tell whether a copy is the same version.

Sources

Every page and document this return's facts were read from.

Knowing exactly what is collected, in what format and under which rules is the first step to real-time supervision. Line4 builds SupTech software for financial regulators that runs checks like these as each return arrives.

Line4's text and records here are free to reuse under CC BY 4.0. Please credit: “Source: Line4 regulatory submissions library (CC BY 4.0), https://www.line4.ai”. The regulators' documents, forms, taxonomies, rules and data belong to them: see JFSA's reuse terms. This describes what regulators publish. It is not legal or regulatory advice: always rely on the regulator's own text.

Source: Financial Services Agency website (https://www.fsa.go.jp), under the Public Data License (Version 1.0). Documents copied here are unchanged. The plain-English summaries are Line4's own, created by Line4 based on the Financial Services Agency's pages; the Financial Services Agency does not endorse this library.

Last checked 13 November 2026.