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privateFinancial Strength: A+ (S&P)

Dai-ichi Life Holdings

第一生命ホールディングス

82.5Score

★★★☆☆3.8

Customer satisfaction · 8.6M members

S&P: A+(2025)Oricon: Mid-Tier Life Insurance(2025)

Dai-ichi Life is the third-largest life insurer in Japan and the first Japanese life insurer to demutualize and list on the Tokyo Stock Exchange (2010). It maintains a solvency margin ratio of approximately 1,095% and has expanded internationally through acquisitions including Protective Life in the US.

Overall Score

82.5/100

Founded

1902

Headquarters

Chiyoda-ku, Tokyo

Type

private

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Key Metrics

Solvency Margin Ratio

~1,095%

Total Assets

~US$346.9 billion

Structure

Publicly listed (TSE)

International Presence

US (Protective Life), Asia-Pacific

Editorial Ratings

S&P: A+(2025)

Rating: S&P A+ (max: AAA)

90R&I

Oricon: Mid-Tier Life Insurance(2025)

Rating: Mid-Tier — Life Insurance (max: 1st Place)

75Oricon

Coverage Highlights

✓Comprehensive life and medical insurance products
✓First Japanese life insurer to demutualize and list on TSE
✓International diversification (Protective Life in US)
✓High solvency margin ratio (~1,095%)
✓120+ years of operating history

Pros

✓Publicly listed transparency and governance
✓Strong financial position with high solvency ratio
✓International diversification
✓Long operating history (120+ years)

Cons

✗Legacy systems and traditional distribution
✗Limited English policyholder services
✗Complex holding structure

Frequently Asked Questions

Is Dai-ichi Life publicly traded?

Yes. Dai-ichi Life was the first Japanese life insurer to demutualize and list on the Tokyo Stock Exchange in 2010, providing greater transparency and governance than mutual competitors.

What is Dai-ichi Life's solvency margin ratio?

Dai-ichi Life maintains a solvency margin ratio of approximately 1,095%, well above the regulatory minimum of 200%, indicating very strong financial stability.

Does Dai-ichi Life operate outside Japan?

Yes. Dai-ichi Life has significant international operations including Protective Life in the US and partnerships across Asia-Pacific.

Quick Summary

InsurerDai-ichi Life Holdings

Country🇯🇵 Japan

Overall Score82.5/100

Satisfaction3.8/5

Members8.6M

Typeprivate

Founded1902

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