Nippon Life Insurance Company

Overview

Nippon Life Insurance Company (Nippon) is provider of individual and group life insurance and annuity products. The company offers insurance products for whole life, term life, endowment, general medical, physical disability, dread disease, cancer medical, and limited injury to individual customers. Its corporate insurance products include group credit life, group term life, group long-term disability income support, group medical life, employees’ pension fund, workers’ asset-formation pension fund, and workers’ asset-formation savings. It also focuses on asset management and general affairs-related operations. It offers trust banking services, leasing, type II financial instruments services, investment advisory, investment management, credit guarantee services, venture capital, mortgage loans, discretionary investment contract services, and finance agency services. It operates through a network of branches, sales offices, overseas representative offices, and agencies. It operates in Japan, the US, the UK, and Asia. Nippon is headquartered in Osaka, Japan. The company reported insurance and reinsurance revenue of JPY5,719.3 billion for the fiscal year ended March 2020 (FY2020), a decrease of 5.8% over that in FY2019.
Key Stats
Address
3-5-12, Imabashi, Chuo-ku, Osaka, Osaka
Headquarters

Japan

Contact

81 6 62094500

No of Employees

74,557

Industry

Financial Services

Peer Comparison

Key Parameters Nippon Life Insurance CompanyJapan Post Insurance Co., Ltd.Meiji Yasuda Life Insurance CoSumitomo Life Insurance Co
Key Information
Headquarters Japan Japan Japan Japan
Headquarter City Osaka Chiyoda-Ku Tokyo Osaka
Headquarter State/Province Osaka Tokyo Tokyo Osaka
No. of Employees 74,557 8,252 43,676 42,954
Entity Type Private Public Private Private

Products & Services

Nippon Life is a provider of individual and group life and annuity products. The company's key products and services include:

Products
  • Dread Disease Insurance
  • Physical Disability Insurance
  • Nursing Care Insurance
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero
  • Vitae Eget Libero

Employees

Name Position Board Since Age Biography
Hiroshi Shimizu President; Director Executive Board 2018 60 Mr.Hiroshi Shimizu has been the President of the company since April 2018. He also served as a Director of the...
Yoshinobu Tsutsui Chairman Executive Board 2018 67 Mr. Yoshinobu Tsutsui has been the Chairman of the company since 2018. Previously, he served as the President of the...
Non Dignissim Eros Proin vel Convallis 2015 XX In vitae nisi ut tortor rutrum suscipit vel vitae ligula. Mauris sed tellus non augue ultricies ultricies. Aliquam vitae urna congue.
Non Dignissim Eros Proin vel Convallis 2015 XX In vitae nisi ut tortor rutrum suscipit vel vitae ligula. Mauris sed tellus non augue ultricies ultricies. Aliquam vitae urna congue.

History

Year Event Description
2021 Acquisitions/Mergers/Takeovers In September, the company agreed to acquire 14.9% stake in Nippon Wealth Life Insurance
2020 Plans/Strategy In October, the company announced its plans to sell microinsurance in Asia.
2020 Others In June, the company along with National Australia Bank injected capital of JPY29 billion into…
2020 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
2020 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam
2019 Quis autem vel Ut enim ad minima veniam, quis nostrum exercitationem ullam corporis suscipit laboriosam

Locations


PT Asuransi Jiwa Sequis Life

Address

Sequis Center Lt.6, Jl. Jend. Sudirman No. 71
Indonesia

Telephone

62 21 522 3123

Website

www.sequislife.com
Reliance Nippon Life Insurance Company Limited

Address

Unit Nos. 401B, 402, 403 & 404, 4th Floor, Inspire-BKC, G Block, BKC Main Road, Bandra Kurla Complex, Bandra East, Mumbai
India

Telephone

91 22 33031000

Website

www.reliancenipponlife.com/
Nissay Capital Co., Ltd.

Address

8th Floor, Nissay Nagatacho Building, 2-4-8 Nagatacho Chiyoda-ku, Tokyo
Japan

Telephone

81 3 3501 6644

Website

www.nissay-cap.co.jp
Nippon Life Insurance Company of America

Address

16th Floor, 655 Third Avenue, New York City
United States of America

Telephone

1 913 3875920

Website

www.nipponlifebenefits.com
NLI Insurance Agency, Inc.

Address

655 Third Avenue, 18th Floor, New York
United States of America

Telephone

1 212 9099893

MLC Limited

Address

Ground Floor, MLC Building, 105–153 Miller Street, North Sydney
Australia

Telephone

61 2 99578000

Website

www.mlc.com.au
Mitsui Life Insurance Company Limited

Address

1-2-3, Otemachi, Chiyoda-ku
Japan

Telephone

81 33 2116111

Website

www.mitsui-seimei.co.jp
The Master Trust Bank of Japan, Ltd.

Address

MTBJ Building, 2-11-3 Hamamatsucho, Minato-Ku
Japan

Telephone

81 3 5403 5100

Website

www.mastertrust.co.jp

Deals

Number of Deals
Deal Value (US$ m)

Latest Deals

Announced Date Headline Deal Type Acquirers / Investors / Surviving Entity Issuer / partner / Target
13 Jan 2021 Nippon Life Insurance Raises USD1.6 Billion in Public Offering of 2.75% Subordinated Notes due 2051 Debt Offering Nippon Life Insurance Company
03 Jan 2021 Apollo Global Management and Nippon Life May Invest in Jain Housing & Constructions Private Equity Apollo Global Management Inc; Nippon Life Insurance Company Jain Housing & Constructions Ltd.
24 Dec 2020 Nippon Life Insurance and National Australia Bank (NAB) to Invest USD491.65 Million in MLC Equity Offering Nippon Life Insurance Company; National Australia Bank Ltd MLC Limited
28 Oct 2020 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit
28 May 2020 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit
12 May 2020 Lorem ipsum dolor sit amet, consectetur adipiscing elit Eiusmod Tempor Exercitation cillum velit