Nippon Life Insurance Company
Nippon Life is the flagship company of the Nippon Life Group, which comprises several subsidiaries engaged in life insurance and asset management across the AsiaPacific region and globally.
It is also the largest private asset owner in Japan and one of the largest mutual life insurance companies in the world1.
For over 130 years, Nippon Life has upheld its principle of contributing to the stability and enhancement of people's lives. Nippon Life’s goal is to enhance corporate value by fostering a sustainable, safe, and peaceful society, with a strong commitment to promoting sustainability management across all business activities.
Nippon Life Benefits, a subsidiary of Nippon Life Insurance, has operated in the U.S. for over 33 years.
Nippon Life Insurance Financials*
• Total Ordinary Income
• Ordinary Profit
• Total Liabilities & Net Assets
• Foundation Funds
• Annualized Premiums for Policies in Force
• Solvency Margin Ratio
Insurance and Related Businesses
2024
$79.3 billion
$3.8
• TAIJU LIFE INSURANCE COMPANY LIMITED (Japan – Life insurance)
• Nippon Wealth Life Insurance Company Limited (Japan – Life insurance)
• HANASAKU LIFE INSURANCE Co., Ld. (Japan – Life insurance)
• Nippon Life Insurance Company of America (USA – Employee benefits)
• MLC Limited (Australia – Life insurance)
• Great Wall Changsheng Life Insurance Co., Ltd. (China – Life insurance)
• Bangkok Life Assurance Public Company Limited (Thailand–Life insurance)
• Reliance Nippon Life Insurance Company Limited (India– Life insurance)
• PT Asuransi Jiwa Sequis Life (Indonesia – Life insurance)
• Grand Guardian Nippon Life Insurance Company Limited (Myanmar– Life insurance)
Founded in 1889, Nippon Life is headquartered in Osaka and Tokyo, Japan*
Employees:
• 47,937 Sales Representatives
• 20,135 Non-Sales
Main Lines of Business
• Individual & group life insurance
• Supplemental medical insurance
• Individual & group annuity
• Disability insurance Nippon Life Insurance Ratings and Rankings*
• Ranked the third largest mutual life insurance company in the world by S&.P.1
• AM Best: A+2 S&P: A+ Moody’s: A1
• Fitch: A+ R&I: AA+ JCR: AA+
Asset Management-Related Businesses
• Nissay Asset Management Corporation (Japan –Investment management, investment advisory, and type II financial instruments services)
• Nippon Life India Asset Management Limited (IndiaInvestment advisory and discretionary investment contract services)
• The TCW Group, Inc. (USA – Investment advisory and discretionary investment contract services)
• Post Advisory Group, LLC (USA – Investment advisory and discretionary investment contract services)
• The Master Trust Bank of Japan, Ltd. (Japan – Trust banking services)
• Nippon Life Global Investors Americas, Inc. (USA – Loans and investment on behalf of Nippon Life)
www.nipponlifebenefits.com