, or Dai-ichi Life for short, is the third-largest

life insurer Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death ...

in Japan by revenue, behind

Japan Post Insurance , is a Japanese life insurer that was established on October 1, 2007, with the privatization of . It is owned by the Japan Post Holdings. As of 2011, it was the world's fourth largest insurance company as regards net premiums written behind thre ...

and

Nippon Life , also known as or is the largest Japanese life insurance company by revenue. The company was founded in 1889 as the ''Nippon Life Assurance Co., Inc.'' In structure it is a mutual company. It first paid policyholder dividends in 1898. Overv ...

. Founded on September 15, 1902, Dai-Ichi was one of the oldest

mutual insurance A mutual insurance company is an insurance company owned entirely by its policyholders. It is a form of consumers' co-operative. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders ...

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 is a Japanese electric utility holding company servicing Japan's Kantō region, Yamanashi Prefecture, and the eastern portion of Shizuoka Prefecture. This area includes Tokyo. Its headquarters are located in Uchisaiwaicho, Chiyoda, Tokyo, an ...

. It was announced in October 2014 that Dai-ichi would raise

US$ The United States dollar (Currency symbol, symbol: Dollar sign, $; ISO 4217, currency code: USD) is the official currency of the United States and International use of the U.S. dollar, several other countries. The Coinage Act of 1792 introdu ...

1 billion by issuing US-dollar-denominated subordinated bonds in overseas markets. It is also the largest single shareholder of the

Tokyu Corporation The , a contraction of and formerly until 2 September 2019, is a Japanese ''keiretsu'' or conglomerate headquartered in Shibuya, Tokyo. While a multinational corporation, its main operation is , a wholly-owned subsidiary operating railways i ...

, holding 6.35% of all issued stock.

Key facts

As of March 30, 2006: * Total assets - US$276,552 million * Policy reserves - US$227,524 million * Total capital - US$21,425 million *

Solvency Solvency, in finance or business, is the degree to which the current assets of an individual or entity exceed the current liabilities of that individual or entity. Solvency can also be described as the ability of a corporation to meet its long- ...

margin ratio - 1,095.5% * Policies in force - US$2,085 billion * Policyholders - 8,646,469

History

100px, The Earl Yanagisawa Yasutoshi 100px, The lieutenant Hamaguchi Kichibe * 1902 - Founded by a

statistician A statistician is a person who works with Theory, theoretical or applied statistics. The profession exists in both the private sector, private and public sectors. It is common to combine statistical knowledge with expertise in other subjects, a ...

and the

Earl Earl () is a rank of the nobility in the United Kingdom. In modern Britain, an earl is a member of the Peerages in the United Kingdom, peerage, ranking below a marquess and above a viscount. A feminine form of ''earl'' never developed; instead, ...

Yanagisawa Yasutoshi, Ohashi Shintaro, the President of the

Hakubunkan is a Japanese publishing company founded in 1887 amidst the wealth and military prosperity of the Meiji era. Hakubunkan entered the publishing arena by printing a nationalist magazine as well as expanding into printing, advertising, paper manuf ...

, and the

Lieutenant A lieutenant ( , ; abbreviated Lt., Lt, LT, Lieut and similar) is a Junior officer, junior commissioned officer rank in the armed forces of many nations, as well as fire services, emergency medical services, Security agency, security services ...

Hamaguchi Kichibe, supported by an insurance doctor Yano Kota. * 1937 - After Marco Polo Bridge Incident in July which the Major general

Masakazu Kawabe was a general in the Imperial Japanese Army. He held important commands in the Imperial Japanese Army during the Second Sino-Japanese War, and during World War II in the Burma Campaign and defense of the Japanese homeland late in the war. He was ...

and the Colonel

Renya Mutaguchi Lieutenant-General was an Imperial Japanese Army officer who served in World War II. He was the field commander of Japanese forces during the Battle of Imphal. Biography Mutaguchi was a native of Saga Prefecture. He graduated from the 22nd cla ...

led the

Second Sino-Japanese War The Second Sino-Japanese War was fought between the Republic of China (1912–1949), Republic of China and the Empire of Japan between 1937 and 1945, following a period of war localized to Manchuria that started in 1931. It is considered part ...

Ministry of Commerce and Industry A ministry of trade and industry, ministry of commerce, ministry of commerce and industry or variations is a ministry that is concerned with a nation's trade, industry and commerce. Notable examples are: List *Algeria: Ministry of Industry and ...

and Ministry of Colonial Affairs issued Manturia Insurance Business Act on December 27 and enforced it the next day. * 1938 -

Taizō Ishizaka was a leading Japanese businessman and President of the Japanese Federation of Economic Organizations (now the Japan Business Federation) who served as Chairman of the National Board of the Boy Scouts of Japan. Background Ishizaka was born in ...

, former high-rank officer of

Ministry of Communications A Communications Ministry or Department of Communications is a ministry or other government agency charged with communication. Communications responsibilities include regulating telecommunications, postal services, broadcasting and print media. The ...

become the President of Dai-ichi Life and licensed for business in

Manchuria Manchuria is a historical region in northeast Asia encompassing the entirety of present-day northeast China and parts of the modern-day Russian Far East south of the Uda (Khabarovsk Krai), Uda River and the Tukuringra-Dzhagdy Ranges. The exact ...

Tokyo Tokyo, officially the Tokyo Metropolis, is the capital of Japan, capital and List of cities in Japan, most populous city in Japan. With a population of over 14 million in the city proper in 2023, it is List of largest cities, one of the most ...

head office relocated to current place, Yurakucho,

Hibiya is a colloquial name for a neighborhood of Chiyoda, Tokyo, Chiyoda Ward in Tokyo. The area along Hibiya Street (Japan National Route 1, National Route 1) from Yūrakuchō to Uchisaiwaichō is generally considered Hibiya district. Administrati ...

. * 1945 - The Tokyo head office was requisitioned as the

Supreme Commander for the Allied Powers The Supreme Commander for the Allied Powers (), or SCAP, was the title held by General Douglas MacArthur during the United States-led Allied occupation of Japan following World War II. It issued SCAP Directives (alias SCAPIN, SCAP Index Number) ...

( GHQ) government building. * 1975 - first overseas representative office is established in

New York City New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...

. * 1977 - begins to sell UU Insurance for the male. * 1982 - first

Europe Europe is a continent located entirely in the Northern Hemisphere and mostly in the Eastern Hemisphere. It is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, the Mediterranean Sea to the south, and Asia to the east ...

an representative office is established in

London London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Wester ...

. * 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 DN Tower 21"D" stands for Dai-ichi Life, Dai-ichi Life and "N" stands for the Norinchukin Bank, Norinchukin Bank is an office building in Tokyo, Japan. It includes the former Dai-ichi Life, Dai-Ichi Seimei Building, in which Douglas MacArthur ha ...

, a new head office building. * 1995 -

Great Hanshin earthquake The Great Hanshin Earthquake (, ) occurred on January 17, 1995, at 05:46:53 JST in the southern part of Hyōgo Prefecture, Japan, including the region of Hanshin. It measured 6.9 on the moment magnitude scale and had a maximum intensity of 7 o ...

: 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 Industrial Bank of Japan, Limited (IBJ), based in Tokyo, Japan, was one of the largest banks in the world during the latter half of the 20th century. It was established in 1902 as a policy institution or "special bank", similarly as Nippon Kan ...

(now

Mizuho Financial Group The , known from 2000 to 2003 as Mizuho Holdings and abbreviated as MHFG or simply Mizuho, is a Japanese banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan. The group was formed in 2000-2002 by merger of Dai- ...

.) * 2000 - agreement to form a comprehensive business alliance with

Sompo Japan Insurance , formerly known as , is a Japanese insurance company. It is the second-largest property insurance company in Japan only behind Tokio Marine, with market share of 19.3% in 2007. As of 2010, the company is a wholly-owned subsidiary of SOMPO Hold ...

and

Aflac Aflac Incorporated (American Family Life Assurance Company) is an American insurance company and is the largest provider of supplemental insurance in the United States. It was founded in 1955 and is based in Columbus, Georgia. In the U.S., it ...

. * 2002 - celebration of its 100th anniversary. * 2010 - Demutualization and stock listing on the Tokyo Stock Exchange * 2011 - completes take over of ASX listed Tower Australia life insurance company, the wholly owned subsidiary is then renamed TAL * 2015 - purchased

Protective Life Corporation Protective Life Corporation is a financial service holding company in Birmingham, Alabama.https://protective.newshq.businesswire.com/sites/protective.newshq.businesswire.com/files/press_kit/file/We_Are_Protective_Life_-_Company_Overview_and_Finan ...

As an institutional investor

As an

institutional investor An institutional investor is an entity that pools money to purchase securities, real property, and other investment assets or originate loans. Institutional investors include commercial banks, central banks, credit unions, government-linked ...

, Dai-ichi Life Holdings owns 230 Japanese companies' stocks as of 2022.Kabunushi Pro
''Dai-ichi Life Holdings.''
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Gallery

References

;Notes ;Source

External links