Ordinary expenses narrowed to $3.2b.
Nippon Life’s consolidated net income for the nine months to December (9M 2024) jumped 63% year-on-year (YoY) to $3.2b (¥475b).
However, ordinary income dipped 3.1% YoY to $56.5t (¥8.44t). Meanwhile, ordinary expenses narrowed by 5.3% YoY to $53.6t (¥8t).
The amount of policies in-force for the period totalled 34.4 million. Total new policies for the period saw 2.9 million.
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