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Nippon Life rebounds to pre-pandemic profitability: Fitch Ratings
Core profit margin was at 19% in fiscal 2025.
Nippon Life is expected to maintain strong solvency and rising profitability, supported by earnings growth and overseas expansion, according to Fitch Ratings.
Its economic solvency ratio stood at 222% at the end of March 2025, amongst the highest in Japan, and could climb toward 250%–300% in the medium term.
Profitability has rebounded to pre-pandemic levels, with the core profit margin at 19% in fiscal 2025, up from 13% a year earlier.
Return on assets also improved to 1.1%. Fitch expects these gains to continue, helped by lower guaranteed yields and higher bond income.
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