Establishment of an Intermediate Holding Company for the Overseas Life Insurance Business
First written in FY2020. 5 of 6 entries say "Advanced", first in FY2021-Q3. Latest entry: FY2026-H1.
The whole theme swung hardest in 2021: 4 of 24 companies on the "Worse" side.
17 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「During the current interim consolidated accounting period, the number of employees at Dai-ichi Life Holdings, Inc. increased by 78 because the investment management execution functions of Dai-ichi Life Insurance Company, Limited and Dai-ichi Frontier Life Insurance Co., Ltd. were consolidated.」
Separate from improving the efficiency of Group operations, including the overseas intermediate holding company, an operating structure was implemented that consolidated the investment management execution functions of the 2 domestic companies at Dai-ichi Life Holdings, resulting in an increase of 78 employees. - FY2023-Q3AdvancedAnnual report
「During the consolidated accounting period under review, Partners Group Holdings Limited (hereinafter, “Partners Life”) and Partners Life Limited (hereinafter, “PLL”), whose acquisition was decided on 12 August 2022, became wholly owned subsidiaries upon completion of the acquisition.」
The acquisition of Partners Life through the overseas intermediate holding company was completed, and overseas business expansion using the intermediate holding company advanced to the execution stage. - FY2023-Q2AdvancedAnnual report
「This acquisition will be carried out through the intermediate holding company. Specifically, the Company plans to make an equity investment in the intermediate holding company and acquire all shares of Partners Life through that intermediate holding company.」
The overseas intermediate holding company was used as the acquisition vehicle for Partners Life, advancing the overseas business expansion initiative to the operational stage through a capital injection. - FY2022AdvancedAnnual report
「We established the Global Strategy Board (GSB), an advisory body at Dai-ichi Life International Holdings, the intermediate holding company, to provide advice on overseas business and human resources strategies. Management members of overseas regional holding subsidiaries also participate in the GSB, where discussions are held from a global perspective.」
The Group established the GSB at the existing overseas intermediate holding company to discuss overseas and human resources strategies, advancing the global management structure to the operational stage. - FY2021-Q3AdvancedAnnual report
「Dai-ichi Life International Holdings LLC, established in June 2020, was included in the scope of consolidation from the third quarter of the current fiscal year because of its increased materiality.」
Dai-ichi Life International Holdings LLC, established as an intermediate holding company overseeing overseas life insurance subsidiaries and other entities, became subject to consolidation from the third quarter following an increase in its materiality. - FY2020First statedAnnual report
「We intend to accelerate further growth in the overseas life insurance business and strengthen the global governance structure by establishing in Japan an intermediate holding company overseeing overseas life insurance subsidiaries and other entities, developing a platform for integrated management and support of subsidiaries and other entities together with the overseas regional headquarters, and bringing in overseas management talent.」
The Group disclosed a plan to establish an intermediate holding company overseeing overseas subsidiaries and other entities, advance integrated operations with overseas regional headquarters, bring in overseas management talent, and strengthen global governance. The company was scheduled to be established between July and September 2020, with capital of ¥5 million.