Risk of Population Decline in Japan and Shrinking Demand for Life Insurance
First written in FY2017. 1 of 2 entries say "Worsened", first in FY2024. Latest entry: FY2024.
Daiichi Life Group moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2024: 3 of 7 companies on the "Worse" side.
5 other companies' latest entry also says "Worsened".
- FY2024WorsenedAnnual report
「Assuming that the domestic market will continue to contract, the Group aims to enhance enterprise value by shifting management resources to areas with higher capital efficiency and growth potential.」
The risk of population decline and domestic market contraction was explicitly stated as a premise for the business portfolio in the new medium-term management plan. - FY2017First statedAnnual report
「If the population declines further and demand for life insurance decreases, the scale of the Group's life insurance business could contract, materially adversely affecting its financial position and results of operations.」
The Company identified declining birth rates and population decline as risks that could lead to contraction of the mortality protection market and the scale of its life insurance business.