Global Network

Insurance Business

U.S.

Nippon Life Insurance Company of America Open new window

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
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
  • *
    Jan. 2023 to Dec.2023

Australia

MLC Limited Open new window

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
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
  • *
    Jan. 2023 to Dec.2023

India

Reliance Nippon Life Insurance Company Limited Open new window

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
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
  • *
    Apr. 2023 to Mar. 2024

Myanmar

Grand Guardian Nippon Life Insurance Company Limited Open new window

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
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
  • *
    Apr. 2023 to Mar. 2024

China

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
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
  • *
    Jan. 2023 to Dec. 2023

Thailand

Bangkok Life Assurance Public Company Limited Open new window

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
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
  • *
    Jan. 2023 to Dec. 2023

Bermuda

Resolution Life Group Holdings Limited Open new window

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
Established 2017
Premium revenue(FY2023)* ¥697.4 billion
Number of employees 1,800
Investment ratio** 21.54%
  • *
    Jan. 2023 to Dec. 2023
  • **
    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 Open new window

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
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
  • *
    Jan. 2023 to Dec. 2023
  • **
    Includes indirect investments

Asset Management Business

India

Nippon Life India Asset Management Limited Open new window

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
Established 1995
Number of employees 964
Assets under management* ¥7.8 trillion (4.3 trillion INR)
Investment ratio 72.86%
  • *
    Mutual fund only

U.S.

Post Advisory Group, LLC Open new window

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
Established 1992
Number of employees 48
Assets under management* ¥2.6 trillion (17.2 billion USD)
Investment ratio 18.77%

The TCW Group, Inc. Open new window

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
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 Open new window

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*
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%
  • *
    Established in 1927 (as Mitsui Life Insurance Co., Ltd.)

Nippon Wealth Life Insurance Company Limited Open new window

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*
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%
  • *
    Founded in 1907

HANASAKU LIFE INSURANCE Co., Ltd. Open new window

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
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. Open new window

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
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 Open new window

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
Number of Employees 705
Assets under Management ¥41.5trillion
Investment Ratio 100%

Other Group Companies

Nissay Information Technology Co., Ltd Open new window

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
Number of Employees 2,455
Sales ¥79billion
Main Products and Services
  • System services related to insurance and finance
  • System services related to medical and long-term care
  • Network services
  • Outsourcing etc…
Investment Ratio 83.92%
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