Company Overview of Sony Life Insurance Co., Ltd.
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
Founded in 1979
Key Executives for Sony Life Insurance Co., Ltd.
President, Representative Director, President of Sony Financial Holdings Inc and Director of Sony Financial Holdings Inc
Chairman of Sony Life Insurance (Philippines) Corporation and Chief Executive Officer of Sony Life Insurance (Philippines)
Senior Executive Vice President and Representative Director
Compensation as of Fiscal Year 2015.
Sony Life Insurance Co., Ltd. Key Developments
Sony Life Announces Non-Consolidated Earnings Results for the Six Months Ended September 30, 2015
Nov 12 15
Sony Life announced non-consolidated earnings results for the six months ended September 30, 2015. For the six months, the company reported ordinary revenues were JPY 596.3 billion compared to JPY 579.3 billion a year ago. Ordinary profit was JPY 22.8 billion compared to JPY 40.4 billion a year ago. Net income was JPY 14.8 billion compared to JPY 26.9 billion a year ago.
Sony Life Insurance Co., Ltd. Reports Non-Consolidated Earnings Results for the Six Months Ended September 30, 2014
Nov 14 14
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
Jul 10 14
Sony Life Insurance Co., Ltd. announced that it closed the representative office in Beijing, the Peoples' Republic of China on July 9, 2014.
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