September 17, 2014 4:00 AM ET


Company Overview of Nippon Life Insurance Company

Company Overview

Nippon Life Insurance Company, together with its subsidiaries, provides various life and non-life insurance products and services. Its products for individual customers include whole life and term life insurance products, and term life insurance with survival benefits; dread disease, physical disability, and nursing care insurance products; general medical, cancer medical, and limited injury insurance products; annuities and endowment insurance products; juvenile, children’s general medical, and education endowment insurance products; single-payment products; and automobile and fire insurance products. The company’s products for corporate customers comprise survivor coverage, disability cove...

3-5-12, Imabashi


Osaka,  541-8501


Founded in 1889


81 6 6209 4500

Key Executives for Nippon Life Insurance Company

President and Director
Age: 60
Executive Vice President and Director
Age: 60
Executive Vice President and Director
Age: 60
Senior Managing Executive Officer and Director
Age: 58
Senior Managing Executive Officer and Director
Age: 56
Compensation as of Fiscal Year 2014.

Nippon Life Insurance Company Key Developments

Nippon Life To Boost Investment In Indian Insurer

Nippon Life Insurance Company is thinking about raising its stake in Reliance Life Insurance Company Limited, life insurance arm of Indian conglomerate Reliance Group. Nippon Life owns a 26% interest in Reliance and plans to invest hundreds of millions of dollars in order to lift the figure as high as the proposed new limit of 49%. The two sides are in talks and will likely seal the deal as soon as the legislation raising caps on foreign investment in Indian insurers passes, according to Reliance Group Managing Director Amitabh Jhunjhunwala. Relevant legislation establishing the new cap could pass as early as November.

Nippon Life Insurance Co. Reports Earnings Results for the Year 2013; Provides Earnings Guidance for the Year 2014

Nippon Life Insurance Co. reported earnings results for the year 2013. For the year, the company reported core business profit of JPY 592.4 billion for the year ended in March, up 8.4% from the previous year. Insurance premium revenue dropped 9.7% to JPY 4,825.5 billion as sales were sluggish for single-premium whole life insurance policies, whose premium rates were raised in April 2013, although mainstay products and educational endowment plans enjoyed robust sales. For the year 2014, the company expects its revenue and core business profit to fall as the Bank of Japan's quantitative and qualitative easing steps have driven down yields on Japanese government bonds, a main investment target for the company.

Nippon Life Insurance Company Reports Consolidated and Nonconsolidated Earnings Results for the Nine Months Ended December 31, 2013

Nippon Life Insurance Company reported consolidated and nonconsolidated earnings results for the nine months ended December 31, 2013. For the period, on nonconsolidated basis, the company reported ordinary income of ¥4,971,465 million compared to ¥4,904,872 million a year ago. Ordinary profit was ¥381,143 million compared to ¥213,368 million a year ago. Surplus before income taxes was ¥189,167 million compared to ¥165,271 million a year ago. Net surplus was ¥153,604 million compared to ¥136,682 million a year ago. For the period, on consolidated basis, the company reported surplus before income taxes and minority interests was ¥196,830 million compared to ¥177,106 million a year ago.

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