Entry into the life insurance business through the acquisition of Allianz Life Insurance as a subsidiary
First written in FY2020. 3 of 5 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2026-H1.
No other company in this theme has enough history to compare yet.
- FY2026-H1SoftenedAnnual report
「During the interim consolidated accounting period, AEON Allianz Life Insurance Co., Ltd., formerly a consolidated subsidiary of the Company, was excluded from the scope of consolidation because part of its shares were transferred.」
The Group reduced the scope of its involvement in the business, changing from an approach focused on growing Allianz Life Insurance into a core business to the transfer of part of its holdings and its exclusion from the scope of consolidation. - FY2022-Q3AdvancedAnnual report
「In November, AEON Allianz Life Insurance Co., Ltd. began selling Genki Passport, a health-promotion whole-life medical insurance product designed to meet customers' needs for pre-disease care, prevention and health promotion. At the same time, it launched Wellness Palette, a dedicated app through which users can exchange health-promotion activities for health-related products and coupons from AEON Group companies and others.」
The life insurance business took concrete form through Genki Passport, a health-promotion whole-life medical insurance product, and Wellness Palette, which allows users to exchange health-promotion activities for health-related products and coupons. - FY2021AdvancedAnnual report
「Going forward, we intend to protect existing policyholders while growing the life insurance business into one of the core businesses of the AEON Financial Service Group through new strategies.」
Following the acquisition of a 60% stake in Allianz Life Insurance and the change of its corporate name, the Group indicated its intention to grow the life insurance business into one of the core businesses of its integrated financial services group. - FY2021-Q1AdvancedAnnual report
「During the first quarter consolidated accounting period, the Company made Allianz Life Insurance Co., Ltd. a consolidated subsidiary through the acquisition of shares. The company changed its corporate name to AEON Allianz Life Insurance Co., Ltd. on 1 May 2020.」
The Group advanced the acquisition of Allianz Life Insurance as a subsidiary through its inclusion in the scope of consolidation and the change of its corporate name, giving concrete form to the foundation of its life insurance business. - FY2020First statedAnnual report
「AEON Financial Service Co., Ltd. acquired shares on 31 March 2020 and made Allianz Life Insurance Co., Ltd. a subsidiary. ... Ownership interest after the acquisition: 60.0%」
AEON Financial Service made Allianz Life Insurance a subsidiary with a 60% ownership interest and began entering the life insurance business, with plans including health-promotion proposals coordinated with Group companies based on more than 20,000 existing policies.