, Japan
/Louie Martinez from Unsplash

Nippon Life’s Q1 2024 net income skyrockets to $770m

Total new policies saw $4.1m during the period.

The net income of Japanese insurer, Nippon Life, significantly grew to $769.73m (¥111.7b) in the first quarter of the fiscal year 2024 (Q1 2024) from $21.74m (¥3.15b) the previous year.

Likewise, revenues from the insurance and reinsurance segments climbed 7.6% year-on-year (YoY) to $13.8b (¥2.0t). Investment income also inched up 1.9% to $7.59b (¥1.1t).

Total annualised premiums during the quarter amounted to $257.37b (¥37.3t), while total new policies reached $4.06m (¥588m).

($1.00 = ¥145.63)

 

Follow the link for more news on

Join Insurance Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Filipino gamers hold promise for FWD
The insurer plans to support other games and aspects of the gaming ecosystem beyond esports.