Premium Income Reaches $18bn for Japanese Life Insurers

by Alice
Insurance

Total operating expenses were $4 billion.

The premium income of 41 Japanese life insurers surged to $17.52 billion (¥2,825 billion) on a year-on-year basis, according to data from the Life Insurance Association of Japan. Total claims for the first month of the fiscal year reached $5.53 billion (¥891 billion), marking a sharp 104.5% increase compared to the previous year. Annuities paid amounted to $2.95 billion (¥476 billion), while benefits totaled $2.91 billion (¥469 billion).

Operating expenses for the period were recorded at $3.97 billion (¥640 billion). Additionally, assets grew by 102.6% to $2.5 trillion (¥403.2 trillion) during the same period.

($1.00 = ¥160.97)

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