Sumitomo Life Insurance Co - Company Profile
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Sumitomo Life Insurance Co (Sumitomo Life) offers a range of individual and group life insurance products. It offers shared-value insurance, comprehensive protection insurance, income assurance insurance, specified disease protection insurance, single-premium whole life insurance, and level-premium whole life insurance. It also offers nursing care insurance, retirement plans, work disability insurance, medical insurance, children's insurance, and individual and group annuities. The company markets and distributes products to individuals and corporate customers through insurance outlets, sales representatives, online, and the bancassurance network comprising banks and the Japan Post Group. It operates in Japan, China, Indonesia, the UK, Vietnam, Singapore, and the US. Sumitomo Life is headquartered in Osaka, Japan.
Headquarters
Japan
Address
1-4-35 Shiromi, Chuo-ku, Osaka, 5408512
Website
www.sumitomolife.co.jp
Telephone
81 6 69371435
No of Employees
42,317
Industry
Financial Services
Revenue (2025)
$34.0B
Sumitomo Life Insurance Co premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Shared-Value Insurance | Asset Management Service |
| Comprehensive Coverage | |
| Medical Insurance | |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Contracts/Agreements | In May, the company entered into an agreement with Karada Note Co., Ltd to provide well-being services via Karada Note app. |
| 2024 | New Products/Services | In June, Sumitomo Life introduced the "Vitality Employee Benefit Type," a service designed for companies. |
| 2024 | Corporate Changes/Expansions | In April, the company opened a a representative office in Singapore. |
Competitor Comparison
| Key Parameters | Sumitomo Life Insurance Co | Nippon Life Insurance Co | MS&AD Insurance Group Holdings, Inc. | Meiji Yasuda Life Insurance Co | Sompo Holdings, Inc. |
|---|---|---|---|---|---|
| Headquarters | Japan | Japan | Japan | Japan | Japan |
| City | Osaka | Osaka | Chuo-Ku | Tokyo | Shinjuku-Ku |
| State/Province | Osaka | Osaka | Tokyo | Tokyo | Tokyo |
| No. of Employees | 42,317 | 170,711 | 40,016 | 54,048 | 54,106 |
| Entity Type | Private | Private | Public | Private | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Masahiro Hashimoto | Chairman; Executive Officer | Executive Board | 2021 | 70 |
| Yukinori Takada | President; Director; Executive Officer; Chief Executive Officer | Executive Board | 2021 | 62 |
| Takeshi Eimori | Director; Senior Managing Executive Officer; Executive Officer | Executive Board | 2023 | 62 |
| Hideyuki Sumi | Executive Officer; Deputy President; Director | Executive Board | 2023 | 63 |
| Tatsuya Yuri | Director | Non Executive Board | 2023 | 62 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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