Nippon Life Insurance

Nippon Life Insurance

Nippon Life Insurance Company (also known as Nissay), founded in 1889, is Japan’s largest private life insurer and the core of the Nippon Life Group, a mutual company operating life insurance, asset management, healthcare, long-term care, and related businesses domestically and globally across the Asia-Pacific, Americas, and Europe (per official history and About Us pages). It serves approximately 15 million clients with 170,711 employees and is Japan’s largest private asset owner. As of March 31, 2026, group total assets stood at ¥118,862.7 billion and group-wide assets under management at ¥145 trillion (per Overview of Financial Results for the Fiscal Year Ended March 31, 2026). Nonconsolidated total assets reached ¥85,831.8 billion and general account assets ¥84,708.2 billion (per Financial Results for FY Ended March 31, 2026). The firm manages a diversified investment portfolio focused on yen-denominated bonds for stable income, supplemented by equities, foreign securities, loans, and real estate to generate long-term returns for policyholders. Under President Satoshi Asahi (appointed April 2025) and Chairman Hiroshi Shimizu, it pursues a strategy of domestic market cultivation, overseas expansion (including full acquisition of Resolution Life), and group synergies in asset management to enhance policyholder value and sustainability across people, community, and environment pillars (per Integrated Report 2025 and leadership disclosures). Solvency remains robust with high margin ratios supporting mutual company commitments to dividends and long-term promises.