Daiichi Life Group, Inc.

One of Japan's largest life insurers, the first to demutualise, and now a group with more of its growth coming from overseas than from home.

Daiichi Life Group, Inc. headquarters

Business Description

Daiichi Life Group is the holding company for Dai-ichi Life Insurance, the traditional sales-representative channel; Dai-ichi Frontier Life, which sells savings-type products through banks; and Neo First Life, a protection-focused arm. Overseas it owns Protective Life in the United States, TAL in Australia and a set of Asian operations, and it has built an asset-management business around Asset Management One.

Earnings are driven less by premium growth — the domestic market is shrinking with the population — than by the investment portfolio and by disciplined pricing, which makes the group unusually sensitive to Japanese and U.S. interest rates. Dai-ichi converted from a mutual to a joint-stock company in 2010, the first Japanese life insurer to do so, and adopted the holding-company structure in 2016; the group renamed itself Daiichi Life Group in 2026.

Corporate Data

Ticker8750
ExchangeTokyo Stock Exchange
Size CategoryTOPIX Large70
Market SegmentPrime Market
SectorInsurance
Head Office1-13-1 Yurakucho, Chiyoda-ku, Tokyo 100-8411, Japan
FoundedApril 1, 2010
Fiscal Year EndMarch 31
WebsiteOfficial website

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