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May 28, 2015 11:31 AM ET

Insurance

Company Overview of Sony Life Insurance Co., Ltd.

Company Overview

Sony Life Insurance Co., Ltd. provides various life insurance products and services in Japan. It offers various individual life insurance products, including pure death-protection insurance, mixed insurance, pure endowment insurance, and individual annuity products; and group life insurance and group annuity products, as well as medical protection insurance products. The company was founded in 1979 and is headquartered in Tokyo, Japan. Sony Life Insurance Co., Ltd. is a subsidiary of Sony Financial Holdings Inc.

1-1-1, Minami Aoyama

Minato-ku

Tokyo,  107-8585

Japan

Founded in 1979

6,323 Employees

Key Executives for Sony Life Insurance Co., Ltd.

President, Representative Director, President of Sony Financial Holdings Inc and Director of Sony Financial Holdings Inc
Age: 64
Chairman of Sony Life Insurance (Philippines) Corporation and Chief Executive Officer of Sony Life Insurance (Philippines)
Executive Vice President
Senior Executive Vice President and Representative Director
Executive Vice President
Compensation as of Fiscal Year 2014.

Sony Life Insurance Co., Ltd. Key Developments

Sony Life Insurance Co., Ltd. Reports Non-Consolidated Earnings Results for the Six Months Ended September 30, 2014

Sony Life Insurance Co., Ltd. reported non-consolidated earnings results for the six months ended September 30, 2014. Ordinary revenues were ¥579.3 billion against ¥549.5 billion last year. Ordinary profit was ¥40.4 billion against ¥31.3 billion last year. Net income was ¥26.9 billion against ¥17.6 billion last year. Ordinary profit increased year on year due mainly to two reasons: the absence of the negative impact from the revision of the discount rate used for calculating policy reserves on the interest rate-sensitive whole life insurance that was present in the same period of the preceding fiscal year, and an increase in gains on sales of securities in the general account in this first half. Net income was up year on year reflecting the rise in ordinary profit, and the change of the calculation policy of the reserve for fluctuations. The change was to accumulate the reserve up to required levels from fiscal 2014 while it had accumulated the reserve in excess of the required levels until fiscal 2013. Core profit was ¥38.5 billion against ¥33.5 billion last year.

Sony Life Insurance Co., Ltd. Closes Representative Office in Beijing

Sony Life Insurance Co., Ltd. announced that it closed the representative office in Beijing, the Peoples' Republic of China on July 9, 2014.

Sony Life Insurance Co., Ltd. to Report Fiscal Year 2014 Results on May 20, 2014

Sony Life Insurance Co., Ltd. announced that they will report fiscal year 2014 results at 3:00 PM, Tokyo Standard Time on May 20, 2014

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To contact Sony Life Insurance Co., Ltd., please visit www.sonylife.co.jp. Company data is provided by Capital IQ. Please use this form to report any data issues.

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