July 25, 2017 9:16 AM ET

Insurance

Company Overview of Meiji Yasuda Life Insurance Company

Company Overview

Meiji Yasuda Life Insurance Company provides various insurance services in the life insurance industry in North America, Europe, Oceania, Asia, Latin America, and internationally. It offers various individual and group life insurance and annuity products; and a range of third-sector insurance products, including medical and nursing care insurance. The company also provides various non-life insurance products for corporate customers, including director and officer insurance, and property and casualty insurance. In addition, it is involved in the asset management business; investment advisory and agency business; operation of a private nursing home; and real estate investment business, as well...

1-1, Marunouchi 2-chome

Chiyoda-ku

Tokyo,  100-0005

Japan

Founded in 1881

Phone:

81 3 3283 8293

Fax:

81 3 3215 8123

Key Executives for Meiji Yasuda Life Insurance Company

President, Representative Executive Officer and Executive Director
Age: 59
Chairman and Representative Executive Officer
Age: 62
Chief Executive of Individual Insurance Marketing and Senior Managing Executive Officer
Age: 56
Chief Executive of General Agent Marketing and Senior Managing Executive Officer
Chief Executive of Investment, Deputy President and Director
Compensation as of Fiscal Year 2017.

Meiji Yasuda Life Insurance Company Key Developments

Meiji Yasuda Life Insurance Co., Ltd. Announces Unaudited Consolidated Earnings Results for the Full Year Ended March 31, 2017

Meiji Yasuda Life Insurance Co. Ltd. announced unaudited consolidated earnings results for the full year ended March 31, 2017. For the year, the company announced ordinary income of JPY 3,875,469 million against JPY 4,276,540 million a year ago. Insurance premiums and other income was JPY 2,866,387 million against JPY 3,381,621 million a year ago. Ordinary profit was JPY 314,883 million against JPY 299,107 million a year ago. Surplus before income taxes and non-controlling interests was JPY 252,418 million against JPY 261,561 million a year ago. Net surplus attributable to the parent company was JPY 223,730 million against JPY 214,099 million a year ago. Net cash provided by operating activities was JPY 775,989 million against JPY 1,013,259 million a year ago. Purchase of tangible fixed assets was JPY 28,115 million compared to JPY 11,852 million for the same period a year ago. Purchases of intangible fixed assets was JPY 23,836 million compared to JPY 22,397 million for the same period a year ago.

Meiji Yasuda Life Insurance Company Announces Unaudited Consolidated Earnings Results for the Nine Months Ended December 31, 2016

Meiji Yasuda Life Insurance Company announced unaudited consolidated earnings results for the nine months ended December 31, 2016. For the period, the company reported ordinary income of ¥2,819,604 million against ¥3,207,332 million a year ago. Ordinary profit was ¥169,989 million against ¥215,887 million a year ago. Net surplus was ¥124,685 million against ¥173,533 million a year ago. Net surplus attributable to the parent company was ¥124,131 million against ¥173,365 million a year ago.

ANZ To Sell ANZ Wealth Arm

Australia and New Zealand Banking Group Limited (ASX:ANZ) has put the its wealth arm up for sale. An information memorandum for ANZ Banking Group's wealth unit may be five weeks away, but suitors are well and truly gearing up for the auction. Zurich Insurance Group AG (SWX:ZURN) along with Aia is interested in asset. Zurich Insurance Group is in late stage talks with Credit Suisse to assist in its tilt at ANZ Wealth, while Deutsche Bank is in pole position to advise AIA Group Limited (SEHK:1299). AMP Limited (ASX:AMP)'s long standing adviser UBS is on hand to help the company examine the ANZ assets, as flagged by this column. Other potential buyers include MS&AD Insurance Group Holdings, Inc. (TSE:8725), Meiji Yasuda Life Insurance Company and Dai-ichi Life Holdings, Inc. MetLife, Inc. (NYSE:MET) will also run a ruler over the assets. Goldman Sachs is running the auction on behalf of ANZ Bank.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 22, 2017
Meiji Yasuda Life Insurance Osaka Midosuji Building
Private Placement
January 26, 2017
Urawa Red Diamonds Co., Ltd.
Private Placement
January 13, 2017
FiNC inc.
 

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