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/Alfie Huo from Pexels
Dai-ichi Life’s Q1 2024 profit soars 41.1% YoY
Revenues inched up 0.52% YoY.
Dai-ichi Life Insurance’s first quarter ended June (Q1 2024) net income surged 41.1% from last year to $0.56b (¥82.6b), attributable to slimmer expenses.
Similarly, revenues inched up 0.52% year-on-year (YoY) to $7.14b (¥1.05t). The Japanese insurer’s expenses trimmed down 3.9% YoY to $6.18b (¥909.3b).
During the period, policies in force amounted to $13.27b (¥1.95t) whilst total new policies were $0.21b (¥30.4b).
Net income per share for the three was $0.09m (¥13.8m).
($1.00 = ¥0.0068)
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