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)