Dai-ichi Life
Headquarters at the DN Tower 21 | |
| Company type | Subsidiary |
|---|---|
| TYO: 8750 TOPIX Large 70 Component (Dai-ichi Life Holdings) | |
| Industry | Insurance |
| Founded | September 15, 1902 (as mutual company) April 1, 2010 (as stock company) |
| Founder | Tsuneta Yano |
| Headquarters | , Japan |
| Products | Insurance |
| Revenue | 5.28 trillion yen (FY 2013) |
| 32.4 billion yen (FY 2013) | |
| Total assets | $346.9 billion (2015), Solvency ratio: 763.8% |
| Total equity | 1.64 trillion yen (March 2013) |
Number of employees | 61,335 (2013) |
| Parent | Dai-ichi Life Holdings, Inc. |
| Website | www |
The Dai-ichi Life Insurance Company, Limited (第一生命保険株式会社, Dai-ichi Seimei Hoken Kabushiki-kaisha), or Dai-ichi Life for short, is the third-largest life insurer in Japan by revenue, behind Japan Post Insurance and Nippon Life.
Founded on September 15, 1902, Dai-Ichi was one of the oldest mutual insurance companies in Japan until a motion to demutualise was passed in 2009 and, on April 1, 2010, it listed on the Tokyo Stock Exchange, raising 1.01 trillion yen. As of March 2013, it had the most assets of any listed company in Japan with a total of 33 trillion yen on its stand-alone balance sheet, more than twice the total assets of #2-ranked Tokyo Electric Power Company.
It was announced in October 2014 that Dai-ichi would raise US$1 billion by issuing US-dollar-denominated subordinated bonds in overseas markets.
It is also the largest single shareholder of the Tokyu Corporation, holding 6.35% of all issued stock.