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Tag - sumitomo-life

 
 

SUMITOMO LIFE

Higher sales of yen-denominated single-premium whole life insurance policies boosted fiscal 2025 revenues at four major Japanese life insurers, including Nippon Life, amid rising interest rates.
BUSINESS / Companies
Jul 27, 2026
Single-premium whole life insurance rising in popularity in Japan
Four major Japanese life insurers, including Nippon Life Insurance, reported higher revenues in fiscal 2025, driven mainly by stronger sales of such insurance policies.
Sumitomo Life Insurance¡¯s headquarters in Osaka
BUSINESS / Companies
Mar 18, 2026
Sumitomo Life plans to invest $1.9 billion in private credit
The Osaka-based insurer has been gradually increasing its private credit holdings.
Insurance premium revenues rose 30.4% from a year earlier at Meiji Yasuda, 13.4% at Nippon Life and 4.0% at Sumitomo.
BUSINESS / Companies
Nov 21, 2025
Three major Japan life insurers see revenue growth in April-September
Insurance premium revenues rose 30.4% from a year earlier at Meiji Yasuda, 13.4% at Nippon Life and 4.0% at Sumitomo.
Rising domestic yields are leading Âé¶¹´«Ã½ top life insurers to increase local bond holdings and reduce overseas debt as foreign returns lose their appeal.
BUSINESS / Companies
Oct 29, 2025
Japanese insurers trim foreign debt as domestic yields soar
Roughly half of 10 companies that disclosed half-year investment plans said they had cut overseas debt holdings.
Yukinori Takada, president of Sumitomo Life Insurance, is interviewed on Wednesday in Bellevue in Washington.
BUSINESS / Companies
Oct 19, 2025
Sumitomo Life to mull using AI tech to support sales agents
The comments followed a series of scandals in the industry that called into question the relationships between life insurance companies and their sales agents.
Among respondents in a recent survey who have been affected by inflation, 91.3% said price increases had impacted their food expenses.
JAPAN / Society
Oct 9, 2025
Over 80% of households in Japan feel impact of rising prices, survey shows
Over half of respondents said their cost of living had increased, with average monthly living expenses rising by ?9,636.
Sumitomo Life is pledging not to sell its debt assets at a loss, in a rare move to avoid booking valuation losses, a source said.
BUSINESS / Companies
Oct 3, 2025
Sumitomo Life takes unusual step to avoid marking JGB losses
The Osaka-based firm, one of Âé¶¹´«Ã½ top-four life insurers, is taking advantage of guidelines for bond investors when prices move sharply.
Four leading Japanese life insurance companies will stop sending employees on loan to agents and banks for insurance sales, following recent scandals involving these workers, sources revealed on Monday.
JAPAN
Aug 26, 2025
Japanese life insurers to stop transferring workers on loan
The move follows a series of scandals in which employees sent to sales agents leaked rival insurers¡¯ customer information.
Japan Times
BUSINESS / ANALYSIS
May 8, 2019
Âé¶¹´«Ã½ labor shortage eats away at backbreaking work culture
When she worked in sales for a bank, Chihiro Narazaki was passed over for the best assignments in favor of older colleagues. Her input was discouraged and she often stayed late just to do routine paperwork.
BUSINESS / Companies
Aug 12, 2015
Sumitomo Life to buy Buffett-backed Symetra for $3.8 billion
Sumitomo Life Insurance Co. agreed to buy Symetra Financial Corp. for about $3.8 billion (?473.5 billion) as the Japanese company seeks to expand in the U.S.
BUSINESS / Companies
Jun 26, 2013
Sumitomo Life eyes stake in Bank Negara¡¯s insurance unit
Sumitomo Life Insurance Co. is among companies preparing to bid for a stake in the life insurance unit of PT Bank Negara Indonesia, according to two sources.

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Disaster relief workers Taichi Kato (left) and Seiji Yoshimura enter the collapsed living quarters at Kyuganji temple in Yatsushiro, Kumamoto Prefecture.
What Kumamoto revealed about Âé¶¹´«Ã½ earthquake readiness

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