AXA Holdings Japan
AXA Holdings Japan Co., Ltd
Company highlights
The annual dividend per share has risen for 5 consecutive years.
Key figures
Period Apr 2025 to Mar 2026Parent onlyJapanese GAAP
Company profile
Tables scroll sideways
Disclosed data
Business activities and revenue composition
Revenue and profit by business segment
Disclosed segments (business divisions used in reporting): one
Revenue and profit
Amounts by account
| Group | Account | Amount | Consolidated / Non-consolidated |
|---|---|---|---|
| Selling, general and administrative expenses | General and administrative expenses | ¥0.5 billion | Parent only |
| Profit by stage | Ordinary income | ¥125.9 billion | Consolidated |
| Net income | ¥88.8 billion | Consolidated | |
| Operating income | ¥63.5 billion | Parent only |
Performance, financial position and capital allocation
AXA Holdings Japan
Long-term revenue, profit and asset trends
Period 2020 to 2026Source Annual securities reportsDisclosed
AXA Holdings Japan
Recent performance trends
Source Annual securities reports
Year-on-year comparison
| Item | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Ordinary income (loss) | ¥161.8B | ¥74.1B | ¥91.6B | ¥91.4B | ¥125.9B |
| Change from prior year | comparison basis not confirmed | -54.2% | +23.5% | -0.2% | +37.7% |
AXA Holdings Japan
Earnings and net assets per share over time
Unit yenSource Annual securities reports
AXA Holdings Japan
Return on equity over time
Unit %Source Annual securities reports
Consolidated indicators (13 items)
| Item | 4 years ago | 3 years ago | 2 years ago | Last year | This year |
|---|---|---|---|---|---|
| Ordinary income (loss) | ¥161.8 billion | ¥74.1 billion | ¥91.6 billion | ¥91.4 billion | ¥125.9 billion |
| Net income (loss) attributable to owners of parent | ¥108.5 billion | ¥46.6 billion | ¥71.8 billion | ¥69.4 billion | ¥88.8 billion |
| Comprehensive income | ¥63.9 billion | ¥-3.8 billion | ¥41.1 billion | ¥40.4 billion | ¥41.6 billion |
| Net assets | ¥433.3 billion | ¥375.5 billion | ¥361.0 billion | ¥342.9 billion | ¥318.0 billion |
| Total assets | ¥7,850.3 billion | ¥7,983.7 billion | ¥8,613.8 billion | ¥8,801.0 billion | ¥9,126.5 billion |
| Net assets per share | 55,558.18 yen | 48,144.9 yen | 46,286.29 yen | 43,960.56 yen | 40,769.48 yen |
| Basic earnings (loss) per share | 13,913.33 yen | 5,980.75 yen | 9,201.46 yen | 8,901.17 yen | 11,386.6 yen |
| Equity-to-asset ratio | 5.5% | 4.7% | 4.2% | 3.9% | 3.5% |
| Return on equity | 25.6% | 11.5% | 19.5% | 19.7% | 26.9% |
| Net cash provided by (used in) operating activities | ¥144.6 billion | ¥-40.9 billion | ¥137.5 billion | ¥255.4 billion | ¥85.5 billion |
| Net cash provided by (used in) investing activities | ¥-116.8 billion | ¥79.0 billion | ¥-53.2 billion | ¥-194.7 billion | ¥-27.3 billion |
| Net cash provided by (used in) financing activities | ¥-43.6 billion | ¥-54.0 billion | ¥-74.4 billion | ¥-69.2 billion | ¥-66.5 billion |
| Cash and cash equivalents | ¥143.8 billion | ¥128.3 billion | ¥141.3 billion | ¥132.7 billion | ¥125.1 billion |
Parent only indicators (12 items)
| Item | 4 years ago | 3 years ago | 2 years ago | Last year | This year |
|---|---|---|---|---|---|
| Ordinary income (loss) | ¥44.4 billion | ¥55.1 billion | ¥55.8 billion | ¥59.1 billion | ¥63.6 billion |
| Net income (loss) | ¥44.4 billion | ¥55.2 billion | ¥56.3 billion | ¥59.2 billion | ¥63.7 billion |
| Capital stock | ¥85.0 billion | ¥85.0 billion | ¥85.0 billion | ¥85.0 billion | ¥85.0 billion |
| Total number of issued shares (common stock) | 7,799,170 shares | 7,799,170 shares | 7,799,170 shares | 7,799,170 shares | 7,799,170 shares |
| Net assets | ¥196.7 billion | ¥197.9 billion | ¥198.6 billion | ¥199.4 billion | ¥196.6 billion |
| Total assets | ¥213.2 billion | ¥198.2 billion | ¥199.7 billion | ¥199.5 billion | ¥196.7 billion |
| Net assets per share | 25,224.28 yen | 25,376.24 yen | 25,468.35 yen | 25,562.43 yen | 25,206.48 yen |
| Dividend per share | 5,590 yen | 6,920 yen | 7,130 yen | 7,500 yen | 8,520 yen |
| Basic earnings (loss) per share | 5,688.66 yen | 7,071.96 yen | 7,222.11 yen | 7,594.22 yen | 8,163.91 yen |
| Equity-to-asset ratio | 92.3% | 99.8% | 99.5% | 99.9% | 99.9% |
| Return on equity | 22.6% | 28.0% | 28.4% | 29.8% | 32.2% |
| Payout ratio | 98.2% | 97.8% | 98.7% | 98.7% | 104.3% |
Dividend history
| Fiscal year | Annual dividend per share | Of which interim | Payout ratio (as reported, parent only) | Flag |
|---|---|---|---|---|
| FY ending 3/2026 | ¥8,520 | Could not be retrieved | 104.3% | |
| FY ending 3/2025 | ¥7,500 | Could not be retrieved | 98.7% | |
| FY ending 3/2024 | ¥7,130 | Could not be retrieved | 98.7% | |
| FY ending 3/2023 | ¥6,920 | Could not be retrieved | 97.8% | |
| FY ending 3/2022 | ¥5,590 | Could not be retrieved | 98.2% | |
| FY ending 3/2021 | ¥5,380 | Could not be retrieved | 97.6% |
AXA Holdings Japan
Dividends per share over time
Unit yenSource Annual securities reports
Revenue scale in the same industry
Revenue of this company: not retrieved (no comparison)
Audit and disclosure information
| Item | Value |
|---|---|
| Audit firm | 有限責任あずさ監査法人 |
| Going concern note | Cannot be determined |
| Accounting standard | Japanese GAAP |
Related books, articles and videos
Sources and methodology
Retrieved disclosed figures
Accounts unique to this company (10 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Revenue | ¥1,178.4 billion | Consolidated |
| Revenue | ¥501.2 billion | Consolidated |
| Revenue | ¥813.9 billion | Consolidated |
| Revenue | ¥5.9 billion | Consolidated |
| Revenue | 3,207 | Consolidated |
| Revenue | 5,625 | Consolidated |
| Revenue | ¥-91.1 billion | Consolidated |
| Revenue | ¥-344.2 billion | Consolidated |
| Revenue | ¥64.0 billion | Parent only |
| Revenue | ¥70.00 million | Parent only |
Major management indicators (5 years) (25 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Comprehensive income | ¥41.6 billion | Consolidated |
| Net cash provided by (used in) operating activities | ¥85.5 billion | Consolidated |
| Net cash provided by (used in) investing activities | ¥-27.3 billion | Consolidated |
| Cash and cash equivalents | ¥125.1 billion | Consolidated |
| Net assets | ¥318.0 billion | Consolidated |
| Ordinary income (loss) | ¥125.9 billion | Consolidated |
| Total assets | ¥9,126.5 billion | Consolidated |
| Return on equity | 26.9% | Consolidated |
| Equity-to-asset ratio | 3.5% | Consolidated |
| Net income (loss) attributable to owners of parent | ¥88.8 billion | Consolidated |
| Net cash provided by (used in) financing activities | ¥-66.5 billion | Consolidated |
| Basic earnings (loss) per share | 11,386.6 yen | Consolidated |
| Net assets per share | 40,769.48 yen | Consolidated |
| Dividend per share | 8,520 yen | Parent only |
| Net income (loss) | ¥63.7 billion | Parent only |
| Total number of issued shares (common stock) | 7,799,170 shares | Parent only |
| Net assets | ¥196.6 billion | Parent only |
| Ordinary income (loss) | ¥63.6 billion | Parent only |
| Total assets | ¥196.7 billion | Parent only |
| Return on equity | 32.2% | Parent only |
| Equity-to-asset ratio | 99.9% | Parent only |
| Capital stock | ¥85.0 billion | Parent only |
| Payout ratio | 104.3% | Parent only |
| Basic earnings (loss) per share | 8,163.91 yen | Parent only |
| Net assets per share | 25,206.48 yen | Parent only |
Shares (2 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Number of shares held | 7,780,000 shares | Consolidated |
| Shareholding ratio | 99.8% | Consolidated |
Balance sheet (69 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥18.7 billion | Consolidated |
| Valuation difference on available-for-sale securities | ¥17.2 billion | Consolidated |
| Other liabilities liabilities ins | ¥130.7 billion | Consolidated |
| Other assets | ¥136.9 billion | Consolidated |
| Goodwill | ¥6.5 billion | Consolidated |
| Agency accounts payable liabilities ins | ¥6.5 billion | Consolidated |
| Agency accounts receivable assets ins | ¥90.00 million | Consolidated |
| Reserve for price fluctuation | ¥58.0 billion | Consolidated |
| Reserve for insurance policy liabilities liabilities ins | ¥7,242.7 billion | Consolidated |
| Payable under securities lending transactions liabilities ins | ¥170.0 billion | Consolidated |
| Reinsurance accounts payable liabilities ins | ¥229.0 billion | Consolidated |
| Reinsurance accounts receivable assets ins | ¥450.9 billion | Consolidated |
| Retained earnings | ¥191.7 billion | Consolidated |
| Payables under repurchase agreements liabilities ins | ¥361.9 billion | Consolidated |
| Reserve for dividends to policyholders liabilities ins | ¥8.8 billion | Consolidated |
| Provision for directors' retirement benefits | ¥0.3 billion | Consolidated |
| Outstanding claims | ¥73.5 billion | Consolidated |
| Securities | ¥8,236.5 billion | Consolidated |
| Property, plant and equipment | ¥2.3 billion | Consolidated |
| Shareholders' equity | ¥323.2 billion | Consolidated |
| Accumulated depreciation | ¥-6.8 billion | Consolidated |
| Intangible assets | ¥25.3 billion | Consolidated |
| Reserves under the special laws1 | ¥58.0 billion | Consolidated |
| Cash and cash equivalents | ¥125.1 billion | Consolidated |
| Cash and deposits assets ins | ¥125.1 billion | Consolidated |
| Net assets | ¥318.0 billion | Consolidated |
| Net assets | ¥318.0 billion | Consolidated |
| Total assets | ¥9,126.5 billion | Consolidated |
| Deferred gains or losses on hedges | ¥-25.5 billion | Consolidated |
| Deferred tax assets | ¥68.8 billion | Consolidated |
| Treasury stock | ¥-2.00 million | Consolidated |
| Valuation and translation adjustments | ¥-5.3 billion | Consolidated |
| Liabilities | ¥8,808.5 billion | Consolidated |
| Liabilities and net assets | ¥9,126.5 billion | Consolidated |
| Provision for responaibility | ¥7,160.3 billion | Consolidated |
| Loans | ¥80.9 billion | Consolidated |
| Allowance for doubtful accounts | ¥-0.3 billion | Consolidated |
| Capital surplus | ¥46.5 billion | Consolidated |
| Capital stock | ¥85.0 billion | Consolidated |
| Remeasurements of defined benefit plans | ¥3.0 billion | Consolidated |
| Net defined benefit liability | ¥31.9 billion | Consolidated |
| Non-controlling interests | ¥0 | Consolidated |
| Deposits received | ¥577.6 billion | Consolidated |
| Other | ¥0 | Parent only |
| Other | ¥0 | Parent only |
| Other capital surplus | ¥86.5 billion | Parent only |
| Retained earnings | ¥3.9 billion | Parent only |
| Non-current assets | ¥194.8 billion | Parent only |
| Investments and other assets | ¥194.8 billion | Parent only |
| Accounts receivable - other | ¥0.1 billion | Parent only |
| Income taxes payable | ¥4.00 million | Parent only |
| Accrued expenses | ¥0.1 billion | Parent only |
| Accounts payable - other | ¥11.00 million | Parent only |
| Shareholders' equity | ¥196.6 billion | Parent only |
| Current liabilities | ¥0.2 billion | Parent only |
| Current assets | ¥1.9 billion | Parent only |
| Cash and deposits | ¥1.8 billion | Parent only |
| Net assets | ¥196.6 billion | Parent only |
| Net assets | ¥196.6 billion | Parent only |
| Total assets | ¥196.7 billion | Parent only |
| Deferred tax assets | ¥22.00 million | Parent only |
| Retained earnings brought forward | ¥3.9 billion | Parent only |
| Treasury stock | ¥-2.00 million | Parent only |
| Liabilities | ¥0.2 billion | Parent only |
| Liabilities and net assets | ¥196.7 billion | Parent only |
| Capital surplus | ¥107.7 billion | Parent only |
| Legal capital surplus | ¥21.2 billion | Parent only |
| Capital stock | ¥85.0 billion | Parent only |
| Shares of subsidiaries and associates | ¥194.8 billion | Parent only |
Statement of income (80 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other comprehensive income | ¥-47.2 billion | Consolidated |
| Valuation difference on available for sale securities net of tax | ¥-21.4 billion | Consolidated |
| Other income | ¥7.2 billion | Consolidated |
| Other expenses | ¥24.1 billion | Consolidated |
| Other refunds oeins | ¥6.6 billion | Consolidated |
| Other investment expenses | ¥9.0 billion | Consolidated |
| Cost of sales | ¥210.2 billion | Consolidated |
| Reversal of reserve for price fluctuation eiins | ¥4.3 billion | Consolidated |
| Insurance premiums and other | ¥1,178.4 billion | Consolidated |
| Insurance claims oeins | ¥100.6 billion | Consolidated |
| Insurance claims and other | ¥813.9 billion | Consolidated |
| Reinsurance premiums oeins | ¥160.1 billion | Consolidated |
| Interest dividends and other income oiins | ¥127.9 billion | Consolidated |
| Dividends from surplus | ¥-66.4 billion | Consolidated |
| Comprehensive income | ¥41.6 billion | Consolidated |
| Net cash provided by (used in) operating activities | ¥85.5 billion | Consolidated |
| Loss on disposal of noncurrent assets elins life | ¥0.3 billion | Consolidated |
| Provision for reserve for policyholder dividends | ¥5.9 billion | Consolidated |
| Provision of interest portion of reserve for dividends to policyholders oeins | ¥5.00 million | Consolidated |
| Annuity payments oeins | ¥77.0 billion | Consolidated |
| Net income | ¥88.8 billion | Consolidated |
| Net income | ¥88.8 billion | Consolidated |
| Net income (loss) | ¥88.8 billion | Consolidated |
| Net income (loss) | ¥88.8 billion | Consolidated |
| Net cash provided by (used in) investing activities | ¥-27.3 billion | Consolidated |
| Provision of outstanding claims | ¥0.6 billion | Consolidated |
| Interest expenses | ¥7.1 billion | Consolidated |
| Loss on redemption of seciritues | ¥0.4 billion | Consolidated |
| Gain on redemption of securities | ¥0.1 billion | Consolidated |
| Loss on sales of securities | ¥36.3 billion | Consolidated |
| Gain on sale of securities | ¥17.8 billion | Consolidated |
| Loss on securities | ¥9.9 billion | Consolidated |
| Income taxes current consolidated ins | ¥38.5 billion | Consolidated |
| Income taxes | ¥35.1 billion | Consolidated |
| Income taxes - deferred | ¥-3.4 billion | Consolidated |
| Impairment loss | ¥7.00 million | Consolidated |
| Foreign exchange gains | ¥24.5 billion | Consolidated |
| Extraordinary income | ¥4.3 billion | Consolidated |
| Gain on separate accounts oiins | ¥329.8 billion | Consolidated |
| Extraordinary loss | ¥0.3 billion | Consolidated |
| Effect of exchange rate change on cash and cash equivalents | ¥0.7 billion | Consolidated |
| Net increase (decrease) in cash and cash equivalents | ¥-7.5 billion | Consolidated |
| Income (loss) before income taxes | ¥124.0 billion | Consolidated |
| Income (loss) before income taxes | ¥124.0 billion | Consolidated |
| Ordinary income | ¥125.9 billion | Consolidated |
| Ordinary revenue | ¥1,686.7 billion | Consolidated |
| Operating expenses ins | ¥1,560.9 billion | Consolidated |
| Benefits oeins | ¥101.4 billion | Consolidated |
| Deferred gains or losses on hedges net of tax | ¥-26.5 billion | Consolidated |
| Comprehensive income attributable to owners of parent | ¥41.6 billion | Consolidated |
| Income from cancellation of contract | ¥368.3 billion | Consolidated |
| Net cash provided by (used in) financing activities | ¥-66.5 billion | Consolidated |
| Provision of policy reserve and other oeins | ¥450.0 billion | Consolidated |
| Provision of policy reserve | ¥449.3 billion | Consolidated |
| Reversal of allowance for doubtful accounts | ¥0.1 billion | Consolidated |
| Depreciation of real estate for rent and other oeins | ¥16.00 million | Consolidated |
| Investment income | ¥501.2 billion | Consolidated |
| Investment expenses | ¥62.7 billion | Consolidated |
| Remeasurements of defined benefit plans net of tax | ¥0.7 billion | Consolidated |
| Net derivative financial instruments gain oiins | ¥0.9 billion | Consolidated |
| Comprehensive income attributable to non-controlling interests | ¥0 | Consolidated |
| Net income (loss) attributable to non-controlling interests | ¥0 | Consolidated |
| Other | ¥1.00 million | Parent only |
| Other | ¥0 | Parent only |
| General and administrative expenses | ¥0.5 billion | Parent only |
| Dividends from surplus | ¥-66.4 billion | Parent only |
| Interest income | ¥14.00 million | Parent only |
| Operating income | ¥63.5 billion | Parent only |
| Operating revenue | ¥64.0 billion | Parent only |
| Non-operating income | ¥15.00 million | Parent only |
| Non-operating expenses | ¥0 | Parent only |
| Operating expenses | ¥0.5 billion | Parent only |
| Net income (loss) | ¥63.7 billion | Parent only |
| Net income (loss) | ¥63.7 billion | Parent only |
| Income taxes - current | ¥-0.1 billion | Parent only |
| Income taxes | ¥-0.1 billion | Parent only |
| Income taxes - deferred | ¥-6.00 million | Parent only |
| Income (loss) before income taxes | ¥63.6 billion | Parent only |
| Ordinary income | ¥63.6 billion | Parent only |
| Dividends from subsidiaries and associates | ¥64.0 billion | Parent only |
Statement of changes in equity (4 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Total changes during the period | ¥-24.9 billion | Consolidated |
| Net changes in items other than shareholders' equity | ¥-47.2 billion | Consolidated |
| Total changes during the period | ¥-2.8 billion | Parent only |
| Net changes in items other than shareholders' equity | ¥1.00 million | Parent only |
Statement of cash flows (44 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥-4.3 billion | Consolidated |
| Other | ¥-3.6 billion | Consolidated |
| Other | ¥271.4 billion | Consolidated |
| Other | ¥-16.00 million | Consolidated |
| Increase decrease in other investing and financing activities liabilities ope cfins | ¥-9.5 billion | Consolidated |
| Decrease increase in other investing and financing activities assets ope cfins | ¥-5.2 billion | Consolidated |
| Other investment expenses | ¥9.0 billion | Consolidated |
| Amortization of goodwill | ¥4.3 billion | Consolidated |
| Increase decrease in agency accounts payable ope cfins | ¥-39.00 million | Consolidated |
| Decrease increase in agency accounts receivable ope cfins | ¥-8.00 million | Consolidated |
| Increase decrease in reserve for price fluctuation ope cfins | ¥-4.3 billion | Consolidated |
| Net increase decrease in receivables payables under securities borrowing transactions inv cfins | ¥-30.2 billion | Consolidated |
| Increase decrease in reinsurance accounts payable ope cfins | ¥12.4 billion | Consolidated |
| Decrease increase in reinsurance accounts receivable ope cfins | ¥-60.8 billion | Consolidated |
| Interest expenses paid | ¥-6.0 billion | Consolidated |
| Interest and dividends income received ope cfins | ¥117.6 billion | Consolidated |
| Interest dividends and other income ope cfins life | ¥-127.9 billion | Consolidated |
| Total of net cash provided by used in operating activities and investment transactions inv cfins | ¥62.2 billion | Consolidated |
| Interest on reserve for dividends to policyholders ope cfins | ¥5.00 million | Consolidated |
| Provision reversal of reserve for dividends to policyholders ope cfins | ¥5.9 billion | Consolidated |
| Dividends to policyholders paid ope cfins | ¥-5.6 billion | Consolidated |
| Subtotal | ¥80.8 billion | Consolidated |
| Equity in earnings losses of affiliates | ¥-1.8 billion | Consolidated |
| Increase (decrease) in outstanding claims | ¥0.6 billion | Consolidated |
| Interest expenses | ¥7.1 billion | Consolidated |
| Purchase of short term investment securities | ¥-1,190.4 billion | Consolidated |
| Proceeds from sales and redemption of securities inv cfins | ¥1,245.0 billion | Consolidated |
| Loss gain related to securities ope cfins | ¥28.6 billion | Consolidated |
| Purchase of property plant and equipment | ¥-0.4 billion | Consolidated |
| Loss gain related to property plant and equipment ope cfins | ¥81.00 million | Consolidated |
| Income taxes paid | ¥-5.9 billion | Consolidated |
| Depreciation | ¥6.8 billion | Consolidated |
| Impairment loss | ¥7.00 million | Consolidated |
| Foreign exchange loss (gain) | ¥-24.5 billion | Consolidated |
| Loss gain on separate accounts ope cfins | ¥-329.8 billion | Consolidated |
| Increase (decrease) in policy reserve | ¥449.3 billion | Consolidated |
| Payments of loans receivable | ¥-29.8 billion | Consolidated |
| Collection of loans receivable | ¥55.0 billion | Consolidated |
| Increase (decrease) in allowance for doubtful accounts | ¥-0.1 billion | Consolidated |
| Depreciation of real estate for rent ope cfins | ¥16.00 million | Consolidated |
| Total of net cash provided by used in investment transactions inv cfins | ¥-23.3 billion | Consolidated |
| Increase (decrease) in net defined benefit liability | ¥-2.5 billion | Consolidated |
| Dividends | ¥-66.4 billion | Consolidated |
| Loss gain on derivatives ope cfins | ¥-0.9 billion | Consolidated |
Other disclosed items (3 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Number of unconsolidated subsidiaries accounted for using equity method | 2 companies | Consolidated |
| Number of consolidated subsidiaries | 3 companies | Consolidated |
| Payrolls | ¥0.4 billion | Parent only |
Basic indicators
| Item | Value | Consolidated / Non-consolidated | Source |
|---|---|---|---|
| Net cash provided by (used in) operating activities | ¥85.5 billion | Consolidated | Disclosed |
| Dividend per share | 8,520 | Parent only | Disclosed |
| Number of employees | Not disclosed | Not applicable | Not disclosed |
| Net assets | ¥318.0 billion | Consolidated | Disclosed |
| Operating income | ¥63.5 billion | Parent only | Disclosed |
| Operating revenue | ¥64.0 billion | Parent only | Disclosed |
| Ordinary income | ¥125.9 billion | Consolidated | Disclosed |
| Net income | ¥88.8 billion | Consolidated | Disclosed |
| Total assets | ¥9,126.5 billion | Consolidated | Disclosed |
| Operating margin | 99.2% | Parent only | Calculated |
| Net margin | Cannot be calculated | Not applicable | Not calculated (consolidated numerator, parent-only denominator) |
| Sales per employee | Cannot be calculated | Not applicable | 分子は単体で、同じ範囲の従業員数が開示にないため計算しません |
| Total asset turnover | Cannot be calculated | Not applicable | Not calculated (parent-only numerator, consolidated denominator) |
| Net assets to total assets | 3.5% | Consolidated | Calculated |