Dai-ichi Life

Last updated
The Dai-ichi Life Insurance Company, Limited
Type Kabushiki gaisha
Subsidiary
TYO: 8750
TOPIX Large 70 Component
(Dai-ichi Life Holdings)
Industry Insurance
FoundedSeptember 15, 1902 (as mutual company); April 1, 2010 (as stock company)
FounderTsuneta Yano
Headquarters,
Products Insurance
Revenue5.28 trillion yen (FY 2013)
32.4 billion yen (FY 2013)
Total assets $346.9 billion (2015) [1]
Total equity 1.64 trillion yen (March 2013)
Number of employees
61,335 (2013)
Parent Dai-ichi Life Holdings, Inc.
Website www.dai-ichi-life.co.jp
DN Tower 21, headquarters of The Dai-ichi Life Insurance Company in Yurakucho, Chiyoda, Tokyo, Japan. The low-rise section (left front) was built in 1938 and served as the General Headquarters of the SCAP (1945-1952) DN-Tower-02.jpg
DN Tower 21, headquarters of The Dai-ichi Life Insurance Company in Yurakucho, Chiyoda, Tokyo, Japan. The low-rise section (left front) was built in 1938 and served as the General Headquarters of the SCAP (1945-1952)

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 by revenue, behind Japan Post Insurance and Nippon Life.

Contents

Founded on September 15, 1902, Dai-Ichi was one of the oldest mutual insurance companies in Japan until a motion to demutualise was passed in 2009 and, on April 1, 2010, it listed on the Tokyo Stock Exchange, raising 1.01 trillion yen. As of March 2013, it had the most assets of any listed company in Japan with a total of 33 trillion yen on its stand-alone balance sheet, more than twice the total assets of #2-ranked Tokyo Electric Power Company. [2]

It was announced in October 2014 that Dai-ichi would raise US$1 billion by issuing US-dollar-denominated subordinated bonds in overseas markets. [3]

It is also the largest single shareholder of the Tokyu Corporation, holding 6.35% of all issued stock.

Key facts

As of March 30, 2006

History

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References

  1. "The World's Biggest Public Companies". forbes.com. Retrieved 10 April 2018.
  2. "総資産デイリーランキング-全市場:株式ランキング - Yahoo!ファイナンス". yahoo.co.jp. Retrieved 10 April 2018.
  3. Dai-ichi Life to raise $1 billion via subordinated bond issue. Reuters, 14 October 2014
  4. "Protective Announces Completion of Acquisition By Dai-ichi Life". Protective. Retrieved 10 November 2015.