Investor Presentaiton
Our Group's Dominant Position
with Strong and Diversified Business Base
NISSAY
Our core business is the sale of profitable individual insurance products through our sales representative channel,
while successfully diversifying our product portfolio and distribution channel
Nippon Life
Insurance Company
Key Figures
Premium income (Consolidated)6
¥6,373.5bn (FY2022)
Total assets (Consolidated)
¥92,367.9bn (Sep-2023)
Solvency margin ratio (Consolidated)
1,034.9% (Sep-2023)
Number of customers?
14.84mm (Sep-2023)
Number of sales representatives³
57,631 (Mar-2023)
Number of Customers
Business Mix
(Japan Total)
(Premium Income by Product, FY2022)⁹
(mm)
■Nippon Life
Nippon Wealth Life
Taiju Life
■ Hanasaku Life
Others
0.9%
14.48
14.47
14.67
14.80
I 14.84
Group Annuities
18.1%
Group Insurance
4.8%
Individual
Insurance
59.3%
Channel Mix - Individual
(AP of New Policies by Channel, FY2022)10
Bancassurance
37.5%
12.22
12.19
12.26
12.27
12.23
Mar
2020
Mar
2021
Mar
Mar
Sep
2022
2023
2023
Source: Company disclosures and the Life Insurance Association of Japan
Note: FY2022 represents the fiscal year ended March 31, 2023
1. Excluding Japan Post Insurance
Individual
Annuities
16.9%
2. Nippon Life Group represents the sum of Nippon Life, Taiju Life, Nippon Wealth Life and
Hanasaku Life
3. Dai-ichi Life Group represents the sum of Dai-ichi Life, Dai-ichi Frontier Life and Neo First Life
4. Prudential Financial Group represents the sum of Prudential Life, Gibraltar Life and Prudential
Gibraltar Financial Life
5. Sumitomo Life represents the sum of Sumitomo Life and Medicare Life
Agency
18.1%
6. Revenues from insurance and reinsurance premiums
7. Sum of Nippon Life, Taiju Life, Nippon Wealth Life and Hanasaku Life
8. Sum of Nippon Life and Taiju Life
9. Sum of Nippon Life, Taiju Life, Nippon Wealth Life and Hanasaku Life
Sales
Representative11
44.3%
10. Sum of Nippon Life, Taiju Life, Nippon Wealth Life and Hanasaku Life. AP stands for Annualized
Premium. Channel mix of individual insurance. Hanasaku Life's sales representative channel
includes mainly sales through online channels
11. Including Life Plazas which provide customers and potential customers with information and
advice on insurance products, as well as on tax, asset management, medical & nursing care and
variable annuity products
9View entire presentation