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Nippon Life Insurance Company has reported a 63% year-on-year increase in its consolidated net income for the nine months ending December 2024, reaching $3.2 billion (¥475 billion).
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While the company’s net income saw a significant rise, its ordinary income experienced a slight decline, dropping 3.1% compared to the previous year, totaling $56.5 trillion (¥8.44 trillion). On the other hand, ordinary expenses saw a reduction of 5.3%, amounting to $53.6 trillion (¥8 trillion).
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During this period, the number of policies in-force stood at 34.4 million, with 2.9 million new policies issued.
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