AM Best expects that the group�s new sales performance will continue to improve, and the group�s stable in-force book of business will continue to support its fundamental profit. DLH remains one of the largest life insurance groups in Japan. In its domestic market, the group has diversified its distribution channels by developing different brands (i.e. Dai-ichi Life, Dai-ichi Frontier Life and Neo First Life) to meet different customer needs. The group has also sought geographic diversification by expanding its overseas insurance business, which contributed 21% of the group�s adjusted profit in fiscal-year 2020. The stable outlooks reflect AM Best�s expectation that DLH will maintain its overall balance sheet strength, supported by its risk-adjusted capitalisation at the strongest level, as measured by BCAR.