
Insurance Business
U.S.
Nippon Life Insurance Company of America
Established in 1991 as our first overseas primary insurance company, Nippon Life Insurance Company of America provides products and services, mainly group medical insurance, in New York, Los Angeles, Chicago, and other cities under its motto of "Nissay even in America." In particular, the company has been highly evaluated by Japanese and South Korean companies that operate in the US by offering customer service in Japanese and Korean.
It will continue working on initiatives aimed at strengthening product-specic business strategies and enhancing customer satisfaction.

Company Information (As of Mar. 31, 2024)
Country | The United States |
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Established | 1991 |
Main distribution channel | Brokers |
Premium revenue(FY2023)* | ¥47.6 billion |
Number of employees | 76 |
Investment ratio | 96.96% |
Products | Group Medical Insurance and others |
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*
Jan. 2023 to Dec.2023
Australia
MLC Limited
In 2016, Nippon Life acquired the life insurance business of National Australia Bank and established MLC Limited as a subsidiary.
MLC is working to realize its vision to be "Australia's leading and most trusted life insurer." The company aims for the realization of stable uplift in revenue as well as growth, providing individual and group insurance products and services mainly through financial advisers, etc. In addition, MLC and Nippon Life actively share initiatives and more with each other across a wide range of areas.

Company Information (As of Mar. 31, 2024)
Country | Australia |
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Established | 1886 |
Main distribution channel | Financial advisors, etc. |
Premium revenue(FY2023)* | ¥173.4 billion |
Number of employees | 1,393 |
Investment ratio | 80.00% |
Products | Term Life Insurance, Income Protection Insurance, Critical Illness Insurance |
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*
Jan. 2023 to Dec.2023
India
Reliance Nippon Life Insurance Company Limited
Reliance Nippon Life Insurance has an extensive network of sales offices throughout India and mainly offers products and services to individuals and groups through agents and other channels.
Since investing in the company and making it an affiliate company in 2011, Nippon Life has shared its expertise across various areas including launching distribution channels based on Nippon Life's sales representatives model. The company is working to create synergy in various areas in the future, in addition to expanding its bancassurance and agency channels.

Company Information (As of Mar. 31, 2024)
Country | India |
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Established | 2001 |
Main distribution channel | Agents and sales representatives |
Premium revenue(FY2023)* | ¥97.4 billion |
Number of employees | 12,313 |
Investment ratio | 49.00% |
Products | Endowment Insurance and other savings products |
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*
Apr. 2023 to Mar. 2024
Myanmar
Grand Guardian Nippon Life Insurance Company Limited
Grand Guardian Nippon Life mainly offers endowment and other insurance products through bancassurance and agents.
Since establishing the company as a joint venture with one of the leading conglomerates in Myanmar in 2019, Nippon Life has been seconding senior management personnel to the company as part of its efforts to build a management foundation. These efforts include developing new products and establishing sales channels based on Nippon Life's sales representatives model. We will continue widely popularizing life insurance in Myanmar as a way of contributing to the initial development of the country's life insurance market.

Company Information (As of Mar. 31, 2024)
Country | Myanmar |
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Established | 2019 |
Main distribution channel | Bancassurance, agents, sales representatives, etc. |
Premium revenue(FY2023)* | ¥1.07 billion |
Number of employees | 471 |
Investment ratio | 35.00% |
Products | Endowment Insurance and other savings products, Agricultural and Travel Insurance, and others |
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*
Apr. 2023 to Mar. 2024
China
Great Wall Changsheng Life Insurance Co., Ltd.
Great Wall Changsheng Life Insurance mainly provides long-term and protection products through agents in Shanghai, Zhejiang, Jiangsu, and other parts of China.
Since 2003, when the company was established as the first joint venture between a Japanese life insurance company and a local firm in China, Nippon Life has shared knowledge and is working to advance Great Wall Changsheng's business and risk management in partnership with a major Chinese financial asset company.
Going forward, the company will continue to promote collaborative efforts in areas such as unique product development and services for Japanese companies based in China.

Company Information (As of Mar. 31, 2024)
Country | China |
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Established | 2003 |
Main distribution channel | Agents and bancassurance |
Premium revenue(FY2023)* | ¥64 billion |
Number of employees | 405 |
Investment ratio | 30.00% |
Products | Critical illness insurance, annuities, cancer insurance when visiting Japan, and others |
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*
Jan. 2023 to Dec. 2023
Thailand
Bangkok Life Assurance Public Company Limited
Bangkok Life Assurance is a listed company with operations throughout Thailand, including Bangkok, which provides insurance and related services in line with diverse customer needs through its major shareholder and the largest bank in Thailand, Bangkok Bank, as well as agents.
Nippon Life invested in the company in 1997 and made it an affiliate in 2004.
The company will continue to further expand sales in the bancassurance channel
by strengthening its relationship with Bangkok Bank, as well as promoting the expansion of its agent channel and strengthening sales through the knowledge and other support offered by Nippon Life.

Company Information (As of Mar. 31, 2024)
Country | Thailand |
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Established | 1951 |
Main distribution channel | Bancassurance and agents |
Premium revenue(FY2023)* | ¥134.4 billion |
Number of employees | 1,123 |
Investment ratio | 24.21% |
Products | Endowment insurance and whole life insurance |
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*
Jan. 2023 to Dec. 2023
Bermuda
Resolution Life Group Holdings Limited
Resolution Life is a global life insurance group headquartered in Bermuda, with subsidiaries in the United Kingdom, the United States, and Australia. The company focuses on reinsurance and the acquisition and ongoing management of portfolios of life insurance policies. It is a pioneer in the in-force insurance sector while also providing policyholders with high-quality maintenance and payment services through the use of digital technology and AI.
Nippon Life began investing in the company in 2019 and made it an affiliate in 2023. Nippon Life is working to promote collaboration, knowledge sharing and governance enhancement by seconding directors and other employees to the company.

Company Information (As of Mar. 31, 2024)
Country | Bermuda |
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Established | 2017 |
Premium revenue(FY2023)* | ¥697.4 billion |
Number of employees | 1,800 |
Investment ratio** | 21.54% |
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*
Jan. 2023 to Dec. 2023
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**
Nippon Life does not directly own Resolution Life Group Holdings Ltd. but holds a 21.54% interest in Blackstone ISG Investment Partners-R(BMU) L.P., which owns 100% of the shares of Resolution Life Group Holdings Ltd.
Indonesia
PT Asuransi Jiwa Sequis Life
Sequis Life provides insurance products and services throughout Indonesia, including Jakarta, through high-quality agents.
Nippon Life invested in the company and made it an affiliate in 2014. Together with one of Indonesia's leading conglomerates, we are promoting the sophistication of asset management utilizing Nippon Life's expertise and network.
We are working to train agents and diversify its distribution channels to further meet asset formation and coverage protection needs.

Company Information (As of Mar. 31, 2024)
Country | Indonesia |
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Established | 1984 |
Main distribution channel | Agents |
Premium revenue(FY2023)* | ¥26 billion |
Number of employees | 799 |
Investment ratio** | 20.00% |
Products | Whole Life Insurance, Endowment Insurance, Unit-Linked Products |
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*
Jan. 2023 to Dec. 2023
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**
Includes indirect investments
Asset Management Business
India
Nippon Life India Asset Management Limited
Nippon Life India Asset Management is a fast-growing asset management firm and subsidiary with an expansive investment product lineup ranging from stocks to bonds and ETFs in India's asset management industry, which continues to experience high growth. By supplying products to Nissay Asset Management, the company also provides Japanese customers with opportunities to invest in India.

Company Information (As of Mar. 31, 2024)
Country | India |
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Established | 1995 |
Number of employees | 964 |
Assets under management* | ¥7.8 trillion (4.3 trillion INR) |
Investment ratio | 72.86% |
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*
Mutual fund only
U.S.
Post Advisory Group, LLC
Post Advisory Group is a US asset management firm that primarily manages high-yield US corporate bonds. With a bottom-up investment style relying primarily on corporate analysis from analysts to generate profit, the company is characterized by its highly selective organizational structure.
The company provides investment products to institutional investors and others in the US and Japan.

Company Information (As of Mar. 31, 2024)
Country | The United States |
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Established | 1992 |
Number of employees | 48 |
Assets under management* | ¥2.6 trillion (17.2 billion USD) |
Investment ratio | 18.77% |
The TCW Group, Inc.
The TCW Group is a US-based asset management firm with expertise in managing US bonds. Along with managing one of the largest mutual funds in the US and supplying investment products to the world's largest pension funds, institutional investors, and others, the company also provides Japanese customers with global, primarily American, investment opportunities.

Company Information (As of Mar. 31, 2024)
Country | The United States |
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Established | 1971 |
Number of employees | 667 |
Assets under management* | ¥30.8 trillion (203.9 billion USD) |
Investment ratio | 27.34% |
Find out more
Insurance Business
TAIJU LIFE INSURANCE COMPANY LIMITED
TAIJU LIFE INSURANCE COMPANY LIMITED is a life insurance
company originally founded as Mitsui Life Insurance Co., Ltd. in
March 1927.
The company underwent management integration
with Nippon Life in December 2015, and changed its name to
TAIJU LIFE INSURANCE COMPANY LIMITED in April 2019.
TAIJU LIFE will continue to meet diversifying customer needs as part of
a unified Group in several areas, including products and services.

Company Information (As of Mar. 31, 2024)
Established | 1947* |
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Number of Employees | 10,918 |
Revenues from Insurance Premiums | ¥928.8billion |
Main Distribution Channel | Sales Representatives |
Main Products and Services | Insurance with Customizable Coverage |
Investment Ratio | 85% |
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*
Established in 1927 (as Mitsui Life Insurance Co., Ltd.)
Nippon Wealth Life Insurance Company Limited
Since the management integration with Nippon Life in
May 2018, Nippon Wealth has made progress on initiatives
toward creating synergy between both companies with
the aim of upgrading and expanding its lineup of Group
products and strengthening its system of sales and support
for partner financial institutions.
Both companies will continue working together to expand their network of partner financial institutions and the products they carry.

Company Information (As of Mar. 31, 2024)
Established | 1947* |
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Number of Employees | 528 |
Revenues from Insurance Premiums | ¥2.0636trillion |
Main Distribution Channel | Finance institution channel |
Main Products and Services | Single payment whole life insurance |
Investment Ratio | 100% |
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*
Founded in 1907
HANASAKU LIFE INSURANCE Co., Ltd.
HANASAKU LIFE INSURANCE Co., Ltd. is a life insurance
company that started operations in April 2019 to respond
flexibly and quickly to diversifying customer needs.
The company flexibly provides products through the agency
channel as well as direct channels (mail-order and online),
and works to improve the convenience of procedures through
the use of digital technology.

Company Information (As of Mar. 31, 2024)
Established | 2018 |
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Number of Employees | 372 |
Revenues from Insurance Premiums | ¥40.9billion |
Main Distribution Channel | Agencies/Direct (mail-order and online) |
Main Products and Services | Medical insurace, etc |
Investment Ratio | 100% |
Nissay Plus SSI Company Inc.
Nissay Plus SSI Company Inc. that started operations in
April 2022 in order to respond to diversifying coverage needs
against a background of lifestyle changes and the digital
environment becoming more widespread.
The company aims to provide products that can meet diverse customer needs
by collaborating with various partner companies to combine
partner company products and services with highly compatible
insurance products.

Company Information (As of Mar. 31, 2024)
Established | 2021 |
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Number of Employees | 19 |
Revenues from Insurance Premiums | ¥12million |
Main Distribution Channel | Direct (online) |
Main Products and Services | Small-amount,short-term insurance |
Investment Ratio | 100% |
Asset Management
Nissay Asset Management Corporation
Nissay Asset Management is a 100% subsidiary asset
management company established in 1995 that brings
together the Group’s asset management capabilities.
The company leverages its expertise in insurance asset
management to supply a wide range of investment products
that meet the needs of pension funds, as well as individual
investors and other customers, for long-term, stable asset
building.

Company Information (As of Mar. 31, 2024)
Established | 1995 |
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Number of Employees | 705 |
Assets under Management | ¥41.5trillion |
Investment Ratio | 100% |
Other Group Companies
Nissay Information Technology Co., Ltd
Nissay Information Technology was established in 1999 as a company that would be responsible for the IT strategy of the Nippon Life Group.
Along with undertaking system development and
other processes for new products from Nippon Life in
order to meet diversifying market needs and other needs,
the company is harnessing its vast experience in order
to provide high-quality IT services and consulting in the
social insurance market, such as insurance and mutual
aid, annuities, and healthcare.

Company Information (As of Mar. 31, 2024)
Established | 1999 |
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Number of Employees | 2,455 |
Sales | ¥79billion |
Main Products and Services |
|
Investment Ratio | 83.92% |