Nippon Life’s Q1 2024 net income skyrockets to $770m

Total new policies saw $4.1m during the period.

The net income of Japanese insurer, Nippon Life, significantly grew to $769.73m (¥111.7b) in the first quarter of the fiscal year 2024 (Q1 2024) from $21.74m (¥3.15b) the previous year.

Likewise, revenues from the insurance and reinsurance segments climbed 7.6% year-on-year (YoY) to $13.8b (¥2.0t). Investment income also inched up 1.9% to $7.59b (¥1.1t).

Total annualised premiums during the quarter amounted to $257.37b (¥37.3t), while total new policies reached $4.06m (¥588m).

($1.00 = ¥145.63)

Follow the link for more news on

Nippon Life Insurance Company

insurance

Also Read

APAC emerges as leader in renewables insurance

Only 14% of rich people prioritise life insurance despite awareness

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

APAC emerges as leader in renewables insurance

RE is projected to account for 45% of global electricity generation by 2030.

Insurance

13 hours ago

Only 14% of rich people prioritise life insurance despite awareness

41% of SEA saw potential family disputes from lack of a plan as top concern.

Insurance

13 hours ago

Zurich eyes to surpass 23% ROE in next three years

It also aims to achieve core EPS with a CAGR of over 9%.

Insurance

14 hours ago

IFRC-DREF triggers insurance payout after disaster relief demands exceed threshold

The policy provides up to $16.92m in coverage.The International Federation of Red Cross and Red Crescent Societies' Disaster Response Emergency Fund (IFRC-DREF) has triggered its first-ever insurance payout after disaster relief demands exceeded its deductible threshold.

Insurance

14 hours ago