Dai-ichi Life

The Dai-ichi Life Insurance Company, Limited (第一生命保険株式会社, Dai-ichi Seimei Hoken Kabushiki-kaisha^?), or Dai-ichi Life for short, is the third largest life insurer in Japan measured by revenue, only behind Japan Post Insurance and Nippon Life Insurance.

Founded on September 15, 1902, Dai-Ichi was the oldest mutual insurance company in Japan until a motion to demutualise was passed in 2009 and, on April 1, 2010, it listed on the Tokyo Stock Exchange Nikkei, raising 1.01 trillion yen. As a result of its listing, Dai-Ichi replaced Nippon Telegraph and Telephone Corporation (NTT) as Japan’s most widely held stock.

Key facts

As of March 30, 2006

• Total assets - $276,552 million USD
• Policy reserves - $227,524 million USD
• Total capital - $21,425 million USD
• Solvency margin ratio - 1,095.5%
• Policies in force - $2,085 billion USD
• Policyholders - 8,646,469

History

• 1938 - head office is moved to its current Tokyo location.
• 1975 - first overseas representative office is established in New York City.
• 1982 - first European representative office is established in London.
• 1990 - investment in Lincoln National Life Insurance Company marked the first time a Japanese company participated in capitalizing a leading U.S. insurer.
• 1993 - completion of the DN Tower 21, a new head office building.
• 1995 - Great Hanshin earthquake: simplification of claims settlement procedures.
• 1996 - establishment of the Dai-ichi Property and Casualty Insurance Co., Ltd.
• 1997 - establishment of Dai-ichi Life Research Institute Inc.
• 1999 - agreement on total business cooperation with the Industrial Bank of Japan (now Mizuho Financial Group.)
• 2000 - agreement to form a comprehensive business alliance with Sompo Japan Insurance and Aflac.
• 2002 - celebration of its 100th Anniversary.
• 2010 - Demutualization and stock listing on the Tokyo Stock Exchange

External links

• The Dai-ichi Mutual Life Insurance Company (in Japanese)
• The Dai-ichi Mutual Life Insurance Company Annual Report (in English)