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July 30, 2015 12:20 PM ET

Insurance

Company Overview of Sumitomo Life Insurance Company

Company Overview

Sumitomo Life Insurance Company provides life insurance products primarily in Japan. The company offers nursing care, medical, and retirement planning insurance products; ; individual insurance and annuities; and group insurance and annuities, as well as other insurance products. It markets its products through sales representatives, insurance outlets, post offices, and Internet, as well as through a network of banks and financial institutions. 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 and Director
Age: 59
Chairman and Representative Executive Officer
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 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.

Sumitomo Life Insurance Company Announces Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2014

Sumitomo Life Insurance Company announced unaudited consolidated earnings results for the six months ended September 30, 2014. For the six months period, the company reported ordinary income of ¥1,695,300 million against ¥1,756,699 million a year ago. Ordinary profit was ¥89,256 million against ¥115,925 a year ago. Surplus before income taxes and minority interests was ¥58,353 million against ¥67,718 million a year ago. Net surplus was ¥48,690 million against ¥52,093 a year ago. Comprehensive income attributable to the parent company was ¥234,261 million against ¥76,210 million a year ago. Net cash provided by operating activities was ¥147,191 million against ¥152,281 million a year ago. Purchase of tangible fixed assets was ¥5,501 million against ¥4,369 million a year ago.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
April 30, 2015
Sumitomo Life Insurance Agency America, Inc.
Private Placement
April 30, 2015
Lifeplaza Partners CO.,LTD.
Fund Raising
April 10, 2015
Chiiki Chukaku Kigyo Kasseika Fund
 

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