LIFENET INSURANCE COMPANY NEWS RELEASE
August 5, 2022
Ryosuke Mori, President
LIFENET INSURANCE COMPANY
(Securities Code: 7157, TSE Growth)
July 2022: MONTHLY DISCLOSURE
Annualized premium of policies-in-force was 22,334 million yen, 113% of July 2021
TOKYO, August 5, 2022 - LIFENET INSURANCE COMPANY (TSE Growth 7157, President Ryosuke Mori, URL: https://ir.lifenet-seimei.co.jp/en/)announces the monthly business performance for July 2022.
Annualized premium*1 of policies-in-force was 22,334 million yen as of the end of July 2022 (113% of July 2021). The number of policies-in-force resulted in a total of 527,444 (114% of July 2021), and sum insured of policies-in-force stands at 3,446,484 million yen. Annualized premium*1 of new business in the month of July 2022 was 297 million yen (90% of July 2021), and the number of new business was 7,713 (96% of July 2021).
In July 2022, insurance premiums and claims and benefits recorded 1,814 million yen (113% of July 2021) and 357 million yen (99% of July 2021), respectively.
Topics
Jul. 13 Notice of New Share Issue for Restricted Stock Compensation https://data.swcms.net/file/lifenet-seimei/en/news/index/auto_20220713599004/pdfFile.pdf
Lifenet's steady growth of policies-in-force has been driven by the public's increasing support and interest in its Manifesto; to offer simple, convenient and competitively priced products and services based on the highest levels of business integrity. Lifenet will continue to build its customers' trust and satisfaction by improving our website and contact center, by ensuring thorough and transparent disclosure of information, and by adhering to our Manifesto, offering our products and services twenty four hours a day, seven days a week through the convenience of our website.
(Manifesto of Lifenethttps://ir.lifenet-seimei.co.jp/en/company/manifesto.html)
Copyright© LIFENET INSURANCE COMPANY All rights reserved. | 1 |
NEWS RELEASE
Number of policies-in-force, new business and premiums and claims (preliminary report)*2
Number of policies-in-force | End of Jul. 2022 | End of Jul. 2021 | |
Number of policies-in-force | 527,444 | 464,048 | |
- Term Life | 257,246 | 225,709 | |
- Whole-life Medical | 144,689 | 126,877 | |
- Term Medical Care | 8,360 | 8,708 | |
- Long-term Disability | 65,299 | 60,988 | |
- Cancer | 51,850 | 41,766 | |
Sum insured of policies-in-force*3 (million yen) | 3,446,484 | 3,123,100 | |
Annualized premium*1 (million yen) | 22,334 | 19,703 | |
- excl. death coverage (million yen) | 11,409 | 10,075 | |
Number of new business (month) | Jul. 2022 | Jul. 2021 | |
Number of new business | 7,713 | 8,033 | |
Sum insured of new business*3(million yen) | 38,828 | 43,446 | |
Annualized premium*1(million yen) | 297 | 330 | |
- excl. death coverage (million yen) | 174 | 188 | |
Number of new business (accumulated total) | Apr. 2022 - Jul. 2022 | Apr. 2021 - Jul. 2021 | |
Number of new business | 31,641 | 35,586 | |
Sum insured of new business*3(million yen) | 158,132 | 190,591 | |
Annualized premium*1 (million yen) | 1,266 | 1,453 | |
- excl. death coverage (million yen) | 738 | 824 | |
Insurance premiums and claims (million yen) | Jul. 2022 | Jul. 2021 | |
Insurance premiums | 1,814 | 1,602 | |
Insurance claims and benefits | 357 | 361 | |
*1: | Annualized premium is the amount of money equivalent to what is to be paid to have the insurance coverage for one year. All |
payments for Lifenet products are in monthly installments, thus the annualized premium is calculated as multiplying the | |
monthly premium by 12 months. | |
*2: | This report is preliminary and may be different from the final settlement report. |
*3: | Sum insured of policies-in-force and sum insured of new business are the sum of death coverage, and do not include medical |
and survival coverage. |
Contact:
Investor Relations, Corporate Planning Department
Tel: +81-3-5216-7900
e-mail:ir@lifenet-seimei.co.jp
Disclaimer: This is a summarized translation of the original Japanese document, prepared and provided solely for readers' convenience. In case of any discrepancy or dispute, the Japanese document prevails.
Copyright© LIFENET INSURANCE COMPANY All rights reserved. | 2 |
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Lifenet Insurance Co. published this content on 05 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 August 2022 06:50:25 UTC.
