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| Type | Mutual |
|---|---|
| Founded | September 15, 1902 |
| Founder(s) | Tsuneta Yano |
| Headquarters | Tokyo, Japan |
| Industry | Insurance |
| Products | Insurance |
| Revenue | ▲$28.947 billion USD (2005) |
| Employees | 54,463 (2005) |
| Website | www.dai-ichi-life.co.jp/ |
The Dai-ichi Mutual Life Insurance Company (第一生命保険相互会社 Dai-ichi Seimei Hoken Sōgo-gaisha), 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.
It is also the oldest mutual insurance company in Japan, founded on September 15, 1902.
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 marks the first time a Japanese company has 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.
External links
- The Dai-ichi Mutual Life Insurance Company (in Japanese)
- The Dai-ichi Mutual Life Insurance Company Annual Report (in English)
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