The Dai-ichi Life Insurance Company, Limited (第一生命保険株式会社, Dai-ichi Seimei Hoken Kabushiki-kaisha), or Dai-ichi Life for short, is the third-largest
life insurer in
Japan by revenue, behind
Japan Post Insurance and
Nippon Life.
Founded on September 15, 1902, Dai-Ichi was one of the oldest
mutual insurance 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.[2]
It was announced in October 2014 that Dai-ichi would raise
US$1 billion by issuing US-dollar-denominated subordinated bonds in overseas markets.[3]
It is also the largest single shareholder of the
Tokyu Corporation, holding 6.35% of all issued stock.
1902 - Founded by a
statistician and the
Earl Yanagisawa Yasutoshi, Ohashi Shintaro the President of the
Hakubunkan, and the
Lieutenant Hamaguchi Kichibe, supported by a insurance doctor Yano Kota,
The Dai-ichi Life Insurance Company, Limited (第一生命保険株式会社, Dai-ichi Seimei Hoken Kabushiki-kaisha), or Dai-ichi Life for short, is the third-largest
life insurer in
Japan by revenue, behind
Japan Post Insurance and
Nippon Life.
Founded on September 15, 1902, Dai-Ichi was one of the oldest
mutual insurance 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.[2]
It was announced in October 2014 that Dai-ichi would raise
US$1 billion by issuing US-dollar-denominated subordinated bonds in overseas markets.[3]
It is also the largest single shareholder of the
Tokyu Corporation, holding 6.35% of all issued stock.
1902 - Founded by a
statistician and the
Earl Yanagisawa Yasutoshi, Ohashi Shintaro the President of the
Hakubunkan, and the
Lieutenant Hamaguchi Kichibe, supported by a insurance doctor Yano Kota,