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September 02, 2015 3:05 PM ET

Insurance

Company Overview of Sumitomo Life Insurance Company

Company Overview

Sumitomo Life Insurance Company provides life insurance products primarily in Japan. It offers medical and nursing care insurance, as well as retirement planning products; individual life insurance and individual annuities; group insurance and group annuities; workers’ asset-formation insurance and annuities; and other insurance products. The company markets its products through sales representatives, financial institutions, and insurance outlets. Sumitomo Life Insurance Company was founded in 1907 and is headquartered in Osaka, Japan.

1-4-35, Shiromi

Chuo-ku

Osaka,  540-8512

Japan

Founded in 1907

Phone:

81 6 6937 1435

Key Executives for Sumitomo Life Insurance Company

Chief Executive Officer, President, Representative Executive Officer, Director, Member of Nominating Committee and Member of Compensation Committee
Age: 59
Chairman, Representative Executive Officer, Member of Nominating Committee and Member of Compensation Committee
Age: 66
Senior Managing Executive Officer and Director
Age: 58
Senior Managing Executive Officer and Director
Age: 57
Senior Managing Executive Officer
Age: 56
Compensation as of Fiscal Year 2015.

Sumitomo Life Insurance Company Key Developments

Sumitomo Life Insurance Company Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 30, 2015

Sumitomo Life Insurance Company announced unaudited consolidated earnings results for the second quarter ended June 30, 2015. For the quarter, the company reported ordinary income of JPY 946,727 million against JPY 819,731 million a year ago. Ordinary profit was JPY 36,776 million against JPY 32,574 million a year ago. Net surplus attributable to the parent company was JPY 20,279 million against JPY 24,097 million a year ago.

Sumitomo Life Insurance Company Announces Unaudited Consolidated Earnings Results for the Year Ended March 31, 2015

Sumitomo Life Insurance Company announced unaudited consolidated earnings results for the year ended March 31, 2015. For the year, ordinary income was JPY 3,582,673 million, ordinary profit was JPY 217,178 million, surplus before income taxes and minority interests was JPY 182,402 million and net surplus was JPY 125,347 million against ordinary income of JPY 3,463,356 million, ordinary profit of JPY 237,513 million, surplus before income taxes and minority interests of JPY 160,996 million and net surplus of JPY 122,708 million for the same period a year ago. Net cash provided by operating activities was JPY 512,196 million against JPY 447,530 million a year ago. Purchase of tangible fixed assets was JPY 10,451 million against JPY 10,515 million a year ago.

Sumitomo Life Insurance Company Announces Unaudited Consolidated Earnings Results for the Nine Months Ended December 31, 2014

Sumitomo Life Insurance Company announced unaudited consolidated earnings results for the nine months ended December 31, 2014. For the quarter, ordinary income was JPY 2,614,650 million, ordinary profit was JPY 114,824 million, surplus before income taxes and minority interests was JPY 91,836 million and net surplus was JPY 76,313 million against ordinary income of JPY 2,667,618 million, ordinary profit of JPY 152,484 million, surplus before income taxes and minority interests of JPY 118,145 million and net surplus of JPY 97,036 million for the same period a year ago.

Similar Private Companies By Industry

Company Name Region
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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 11, 2015
Symetra Financial Corporation
Merger/Acquisition
April 30, 2015
Sumitomo Life Insurance Agency America, Inc.
Private Placement
April 30, 2015
Lifeplaza Partners CO.,LTD.
 

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