The Dai-ichi Mutual Life Insurance Company

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The Dai-ichi Mutual Life Insurance Company, or Dai-ichi Life for short, is the second largest life insurer in Japan measured by revenue, only behind Nippon Life Insurance Company.

It is also the oldest mutual insurance company in Japan, founded on September 15, 1902.

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Key facts

As of March 30, 2006

Total assets - $276,552 million USD
Policy reserves - $227,524 million USD
Total capital - $21,425 million USD
Solvency margin ratio - 1,095.5%
Policies in force - $2,085 billion USD
Policyholders - 8,646,469

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History

1938 - head office is moved to its current Tokyo location.
1975 - first overseas representative office is established in New York City.
1982 - first European representative office is established in London.
1990 - investment in Lincoln National Life Insurance Company marks the first time a Japanese company has participated in capitalizing a leading U.S. insurer.
1993 - completion of the DN Tower 21, a new head office building.
1995 - Great Hanshin earthquake: simplification of claims settlement procedures.
1996 - establishment of the Dai-ichi Property and Casualty Insurance Co., Ltd.
1997 - establishment of Dai-ichi Life Research Institute Inc.
1999 - agreement on total business cooperation with the Industrial Bank of Japan (now Mizuho Financial Group.)
2000 - agreement to form a comprehensive business alliance with Sompo Japan Insurance and Aflac.
2002 - celebration of its 100th Anniversary.