, Japan
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Nippon Life Insurance lifts Q1 2025 premiums 6.7% with subsidiary gains

Core profit rose 16.5% to $1.42b.

Nippon Life Insurance’s first quarter fiscal 2025 (Q1 2025) results showing growth from subsidiaries, with consolidated premiums up 6.7% year-on-year to $14.55b (¥2,139.5b) and Nippon Wealth Life premiums jumping 60.9%. 

Core profit rose 16.5% to $1.42b (¥209.1b), helped by higher investment gains, whilst capital remained strong with a solvency margin ratio of 864.9% and economic solvency ratio of 225%, reported CreditSights.

“Capitalisation remains robust with SMR at 864.9% and ESR at 225%, supported by debt issuance and new business acquisition,” CreditSights said in a note.

 

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