Nippon Life Insurance [Mutual Company] - Nihon Seimeihoken

Japanese: 日本生命保険[相互会社] - にほんせいめいほけん

One of the world's largest life insurance companies. In 1889, Nippon Life Insurance Co., Ltd. was established by Kansai business leaders at the suggestion of Hiroyo Sukesaburo. In 1891, it was reorganized as a joint-stock company. In 1899, it became the industry leader. In 1942, it transferred Fuji Life Insurance Co., Ltd. and in 1945, Aikoku Life Insurance Co., Ltd. to the company. In 1947, it was re-launched as a second company, Nippon Life Insurance Mutual Company. Due to its connection with the Yamaguchi family, the largest shareholder during the joint-stock company period, it has close ties with Sanwa Bank, which is descended from the Yamaguchi family. It maintained a leading position in the industry for a long time after the war, but after the financial crisis of the 1990s, it sought a new direction. In 1996, it established Nissay General Insurance Co., Ltd. and entered the non-life insurance business. It also has a track record comparable to major companies in the real estate business, such as building rentals. In April 2001, it merged with Dowa Fire and Marine Insurance Co., Ltd. to establish Nissay Dowa General Insurance Co., Ltd., which became an affiliated company. Head office in Osaka. Total assets in 2011 were 49.8261 trillion yen, and insurance premiums and other income for the fiscal year ending March 2011 was 4.8964 trillion yen.
→ Related items Dai-ichi Life Insurance [Mutual Company]

Source : Heibonsha Encyclopedia About MyPedia Information

Japanese:

世界最大級の生命保険会社。1889年弘世助三郎の発案で，関西財界人により（有）日本生命保険を設立。1891年株式会社に改組。1899年業界トップとなる。1942年に富士生命，1945年に愛国生命の契約を包括移転。1947年第二会社・日本生命保険相互会社として再発足。株式会社期の筆頭株主・山口家との縁で，その系譜を引く三和銀行と親密。戦後長らく業界をリードする立場を維持してきたが，1990年代の金融危機以降は新たな路線を模索。1996年ニッセイ損害保険を設立し，損害保険業務に進出。ビル賃貸など不動産事業でも大手なみの実績をもつ。2001年４月同和火災海上保険と合併，ニッセイ同和損害保険を設立し，系列会社とした。本社大阪。2011年総資産49兆8261億円，2011年３月期保険料等収入４兆8964億円。
→関連項目第一生命保険［相互会社］

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