Daiichi Life Group (8750) · InitiativeFirst stated

Suspension of Sales of Executive Insurance

First written in FY2020. . Latest entry: FY2020.

1entries

1years

0from disclosures

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Same theme, other companies

Sales Suspensions and Declines in New Policies Following a Review of the Tax Treatment of Insurance ProductsA theme 4 companies write about · 4 as a headwind · 0 as a tailwind

1 other company's latest entry also says "First stated".

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Full recordFilings, disclosures and news, newest first

FY2020First statedAnnual report
「Premium and other income decreased by ¥458.6 billion from the previous fiscal year to ¥4,885.4 billion, down 8.6% year on year. This was mainly due to a substantial decline at First Frontier Life Insurance Co., Ltd. in sales of foreign-currency-denominated products, which had performed well in the previous fiscal year as a result of factors including lower overseas interest rates, as well as the suspension of sales of executive insurance at The Dai-ichi Life Insurance Company, Limited and Neo First Life Insurance Company, Limited.」
The suspension of sales of executive insurance at Dai-ichi Life and Neo First Life was newly identified as a factor behind the decline in premium and other income.

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