Dai-ichi Life Group sailing through the fog of uncertainty Dai-ichi Life Group has reported stellar performance thanks to successful crisis response efforts. As of March 31, the group reported a total premium income of around $43 billion, with investment income reaching nearly $24.65 billion. Thanks to cost-effective operations and concerted strategic business plan, Dai-ichi Life Insurance Co., Ltd.’s ordinary profit was recorded at nearly $5 billion while net income per share was around $3, 11 times higher than that of last year. The group owns total assets of more than $578 billion. This year also marks an important tour de force for the Japanese group, when TAL Dai-ichi Life Australia Pty., Ltd. acquired Westpac’s life insurance business in Australia for a cash consideration of around $660 million plus adjusted net worth on completion. Westpac is Australia’s first bank and oldest company, and Dai-ichi Life was delighted to be partnering with one of Australia’s largest and … [Read more...] about Dai-ichi Life Group sailing through the fog of uncertainty
