, or Dai-ichi Life for short, is the third largest life insurer in Japan

Japan

Japan is an island nation in East Asia. Located in the Pacific Ocean, it lies to the east of the Sea of Japan, China, North Korea, South Korea and Russia, stretching from the Sea of Okhotsk in the north to the East China Sea and Taiwan in the south...

 measured by revenue, only behind Japan Post Insurance

Japan Post Insurance

, or かんぽ for short, is a Japanese life insurer that was established on October 1, 2007, with the privatization of Japanese Kampo Life Insurance .- History :* September 1, 2006 - It started as the "preparation company "....

 and Nippon Life Insurance

Nippon Life Insurance Company

, also known as or is the second largest Japanese life insurance company behind Japan Post Insurance Co., Ltd. The company was founded in 1889 as the Nippon Life Assurance Co., Inc. In structure it is a mutual company...

.

Founded on September 15, 1902, Dai-Ichi was the oldest mutual insurance

Mutual insurance

A mutual insurance company is an insurance company which has no shareholders but instead is owned entirely by its policyholders. The primary form of financial business set up as a mutual company in the United States has been mutual insurance. Under this idea, what would have been profits are...

 company in Japan until a motion to demutualise was passed in 2009 and, on April 1, 2010, it listed on the Tokyo Stock Exchange Nikkei

Nikkei 225

The , more commonly called the Nikkei, the Nikkei index, or the Nikkei Stock Average , is a stock market index for the Tokyo Stock Exchange . It has been calculated daily by the Nihon Keizai Shimbun newspaper since 1950. It is a price-weighted average , and the components are reviewed once a year...

, raising 1.01 trillion yen. As a result of its listing, Dai-Ichi replaced Nippon Telegraph and Telephone Corporation (NTT) as Japan’s most widely held stock.

Key facts

As of March 30, 2006

• Total assets - $276,552 million USD
• Policy reserves - $227,524 million USD
• Total capital - $21,425 million USD
• Solvency
  Solvency
  Solvency, in finance or business, is the degree to which the current assets of an individual or entity exceed the current liabilities of that individual or entity. Solvency can also be described as the ability of a corporation to meet its long-term fixed expenses and to accomplish long-term...
  
   margin ratio - 1,095.5%
• Policies in force - $2,085 billion USD
• Policyholders - 8,646,469

History

• 1938 - head office is moved to its current Tokyo
  Tokyo
  , ; officially , is one of the 47 prefectures of Japan. Tokyo is the capital of Japan, the center of the Greater Tokyo Area, and the largest metropolitan area of Japan. It is the seat of the Japanese government and the Imperial Palace, and the home of the Japanese Imperial Family...
  
   location.
• 1975 - first overseas representative office is established in New York City
  New York City
  New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
  
  .
• 1982 - first Europe
  Europe
  Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
  
  an representative office is established in London
  London
  London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
  
  .
• 1990 - investment in Lincoln National Life Insurance Company
  Lincoln National Corporation
  Lincoln National Corporation is a Fortune 200 American holding company, which operates multiple insurance and investment management businesses through subsidiary companies...
  
   marked the first time a Japanese company participated in capitalizing a leading U.S. insurer.
• 1993 - completion of the DN Tower 21
  DN Tower 21
  DN Tower 21 is an office building in Tokyo, Japan. It includes the former Dai-Ichi Seimei Building, in which Douglas MacArthur had his headquarters during the occupation of Japan following World War II. The Government of Tokyo has designated DN Tower 21 as a historical building.-External links:*...
  
  , a new head office building.
• 1995 - Great Hanshin earthquake
  Great Hanshin earthquake
  The Great Hanshin earthquake, or Kobe earthquake, was an earthquake that occurred on Tuesday, January 17, 1995, at 05:46 JST in the southern part of Hyōgo Prefecture, Japan. It measured 6.8 on the moment magnitude scale , and Mj7.3 on JMA magnitude scale. The tremors lasted for approximately 20...
  
  : simplification of claims settlement procedures.
• 1996 - establishment of the Dai-ichi Property and Casualty Insurance Co., Ltd.
• 1997 - establishment of Dai-ichi Life Research Institute Inc.
• 1999 - agreement on total business cooperation with the Industrial Bank of Japan
  Industrial Bank of Japan
  The , based in Tokyo, Japan, was one of the largest banks in the world during the latter half of the 20th century.It combined with Dai-Ichi Kangyo Bank and Fuji Bank in 2002 to form Mizuho Financial Group.- History :...
  
   (now Mizuho Financial Group
  Mizuho Financial Group
  , abbreviated as MHFG, or simply called Mizuho is a banking holding company headquartered in the Ōtemachi district of Chiyoda, Tokyo, Japan...
  
  .)
• 2000 - agreement to form a comprehensive business alliance with Sompo Japan Insurance
  Sompo Japan Insurance
  , or Sompo Japan , is a Japanese insurance company. It is the second-largest property insurance company in Japan only behind Tokio Marine, with market share of 19.3% in 2007....
  
   and Aflac
  Aflac
  Aflac Incorporated is the largest provider of supplemental insurance in the United States, founded in 1955 and based in Columbus, Georgia. In the United States, Aflac underwrites a wide range of insurance policies, but is perhaps more known for its payroll deduction insurance coverage, which pays...
  
  .
• 2002 - celebration of its 100th Anniversary.
• 2010 - Demutualization and stock listing on the Tokyo Stock Exchange

External links

• The Dai-ichi Mutual Life Insurance Company (in Japanese)
• The Dai-ichi Mutual Life Insurance Company Annual Report (in English)