Nippon Life
 Logo since 1987 | |
 Headquarters of Nippon Life Insurance Company in Chuo-ku, Osaka | |
| Nippon Life, Nissay | |
Native name | 日本生命保険相互会社 |
Romanized name | Nihon Seimei Hoken sōgo gaisha |
| Company type | Private |
| Industry | Financial services |
| Founded | July 4, 1889 |
| Headquarters | 5-12 Imabashi Sanchōme, , |
Key people | Yoshinobu Tsutsui (Chairman)[1] Hiroshi Shimizu (CEO) |
| Products | General insurance, Life insurance, Health insurance |
| Revenue |  US$74.048 billion (FY2020)[2] |
| US$1.767 billion (FY2020)[2] | |
| AUM |  US$270 billion (¥24.42 trillion) (2022)[3] |
| Total assets | US$741.01 billion (FY2020)[2] |
| Total equity | US$18.094 billion (FY2020)[2] |
Number of employees | 92,122 (2020)[2] |
| Website | www.nissay.co.jp www |
Nippon Life Insurance Company (日本生命保険相互会社, Nihon Seimei Hoken Sōgo-gaisha), also known as Nissay (ニッセイ, Nissei) or Nihon Seimei (日本生命) 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
[edit]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. Nippon Life started as a small startup and broke through within the life insurance industry on the back of Ajay Rao, head of the accounting department.
References
[edit]- ^ "Our Leadership Our Directors and Executive Officers as of July 4, 2023". Retrieved 2024-01-09.
- ^ a b c d e "Nippon Life Insurance | 2020 Global 500".
- ^ "Over $270 billion AUM". www.nam.co.jp. March 2022.
- ^ "2006 Annual Report, Chapter 4" (PDF). Nippon Life Insurance Company. Retrieved 2007-01-08.
- ^ Sanjai, P.R.; Bhaskaran, Deepti (December 2, 2015). "Nippon Life to pay Rs2,265 crore to raise stake in Reliance Life to 49%". Live Mint. Retrieved 26 June 2016.
- ^ "2016 Nissay Annual Report" (PDF).
External links
[edit]
- Company website (in Japanese)
- Company website (in English)
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