Nippon Life Explained

Nippon Life Insurance
Trade Name:Nippon Life, Nissay
Native Name:日本生命保険相互会社
Native Name Lang:ja
Romanized Name:Nihon Seimei Hoken sōgo gaisha
Type:Private
Location:5-12 Imabashi Sanchōme
Location City:Chūō-ku, Osaka
Location Country:Japan
Key People:
[1]
Hiroshi Shimizu
Industry:Financial services
Products:General insurance, Life insurance, Health insurance
Revenue: US$74.048 billion (FY2020)[2]
Net Income: US$1.767 billion (FY2020)
Aum: US$270 billion (¥24.42 trillion) [3]
Assets: US$741.01 billion (FY2020)
Equity: US$18.094 billion (FY2020)
Num Employees:92,122 (2020)

, 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.[4] [5]

Overview

Nippon Life employs 70,519 employees and has 70,608 billion yen in assets as of 2016.[6] The company is headquartered in Imabashi Sanchōme, Chūō-ku, Osaka, Japan.

External links

Notes and References

  1. Web site: Our Leadership Our Directors and Executive Officers as of July 4, 2023 . 2024-01-09.
  2. Web site: Nippon Life Insurance | 2020 Global 500.
  3. Web site: Over $270 billion AUM. www.nam.co.jp. March 2022.
  4. Web site: 2006 Annual Report, Chapter 4 . Nippon Life Insurance Company . 2007-01-08 .
  5. News: Sanjai. P.R.. Bhaskaran. Deepti. Nippon Life to pay Rs2,265 crore to raise stake in Reliance Life to 49%. 26 June 2016. Live Mint. December 2, 2015.
  6. Web site: 2016 Nissay Annual Report.