MarketDaiichi Life
Company Profile

Daiichi Life

Daiichi Life Group, Inc. , or Daiichi Life for short, is the third-largest life insurer in Japan by revenue, behind Japan Post Insurance and Nippon Life.

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 margin ratio - 1,095.5% • Policies in force - US$2,085 billion • Policyholders - 8,646,469 == History ==
History
• 1902 - Founded by a statistician and the Earl Yanagisawa Yasutoshi, Ohashi Shintaro, the President of the Hakubunkan, and the Lieutenant Hamaguchi Kichibe, supported by an insurance doctor Yano Kota. • 1937 - After Marco Polo Bridge Incident in July which the Major general Masakazu Kawabe and the Colonel Renya Mutaguchi led the Second Sino-Japanese War, Ministry of Commerce and Industry and Ministry of Colonial Affairs issued Manturia Insurance Business Act on December 27 and enforced it the next day. • 1938 - Taizō Ishizaka, former high-rank officer of Ministry of Communications become the President of Dai-ichi Life and licensed for business in Manchuria. Tokyo head office relocated to current place, Yurakucho, Hibiya. • 1945 - The Tokyo head office was requisitioned as the Supreme Commander for the Allied Powers (GHQ) government building. • 1975 - first overseas representative office is established in New York City. • 1977 - begins to sell UU Insurance for the male. • 1982 - first European representative office is established in London. • 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, 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. • 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 == As an institutional investor ==
As an institutional investor
As an institutional investor, Dai-ichi Life Holdings owns 230 Japanese companies' stocks as of 2022. == Gallery ==
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