Key Developments: Dai-ichi Life Insurance Co Ltd (8750.T)

8750.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Dai-ichi Life Insurance completes to acquire Protective Life
Sunday, 1 Feb 2015 06:30pm EST 

Dai-ichi Life Insurance Co Ltd:Completed to acquire Protective Life Corporation on Feb. 1 at $5,554 million.Plan disclosed on June 4, 2014.  Full Article

Dai-ichi Life Insurance sets up subsidiaries
Thursday, 22 Jan 2015 06:30pm EST 

Dai-ichi Life Insurance Co Ltd:Establishes a wholly owned subsidiary named DLI NORTH AMERICA INC. (name changed from Dai-ichi Life International (U.S.A.), Inc.) based in New York, for business management of companies in U.S.DLI NORTH AMERICA INC. to begin operation in February.Established a wholly owned subsidiary named DLI ASIA PACIFIC PTE. LTD. based in Singapore, for business management of companies in Asia Pacific, on Oct. 20, 2014.DLI ASIA PACIFIC PTE. LTD. to begin operation in 2015.  Full Article

Dai-ichi Life Insurance updates acquisition of Protective Life
Thursday, 22 Jan 2015 06:30pm EST 

Dai-ichi Life Insurance Co Ltd:To set up a wholly owned subsidiary named DL Investment (Delaware), Inc. in U.S for the acquisition.Protective Life Corporation to merge with DL Investment (Delaware), Inc. and DL Investment (Delaware), Inc. will dissolve after merger.Protective Life Corporation to become a wholly owned subsidiary of the company on Feb. 1.  Full Article

Dai-ichi Life Insurance Co Ltd announces regarding the timing of 100 pct ownership acquirement of Protective Life Corporation
Monday, 15 Dec 2014 06:30pm EST 

Dai-ichi Life Insurance Co Ltd:The Dai-ichi Life Insurance, as the company made an announcement on June 4, entered into a definitive agreement to acquire 100% of the outstanding shares of Protective Life Corporation, a U.S. life insurance group.The Acquisition will be executed by merging Protective Life and DL Investment (Delaware), Inc., a 100 pct owned subsidiary of the company established in the U.S. solely for the purpose of the acquisition process.Says expects closing to occur on or about Feb. 1, 2015, subject to relevant regulatory approvals and other customary closing conditions.  Full Article

Dai-ichi Life Insurance Co Ltd amends consolidated full-year outlook for FY 2015
Friday, 14 Nov 2014 02:30am EST 

Dai-ichi Life Insurance Co Ltd:Says the company amended the consolidated full-year outlook for the FY ending March 2015.Revenue forecast increased to 6,409 billion yen from 5,607 billion yen.Ordinary profit forecast increased to 318 billion yen from 246 billion yen.Confirmed net profit forecast at 80 billion yen.Comments that increase in income from insurance premiums and increase in investment income are the main reasons for the forecast.  Full Article

Dai-ichi Life Insurance Co Ltd to issue dollar denominated permanent subordinated bonds
Thursday, 23 Oct 2014 07:45pm EDT 

Dai-ichi Life Insurance Co Ltd:To issue dollar denominated permanent subordinated bonds worth $1 billion in overseas market.Issue price is 100 pct of par value.Interest rate of 5.10 pct.Payment date on Oct. 28.  Full Article

Dai-ichi Life Insurance Co Ltd confirms share number of private placement
Friday, 15 Aug 2014 02:30am EDT 

Dai-ichi Life Insurance Co Ltd:To issue 12,900,000 new shares through private placement with subscription date on Aug. 18 and payment date on Aug. 19.To raise 17,327,280,000 yen in total.Proceeds to be used to acquire Protective Life Corp.  Full Article

Dai-ichi Life Insurance Co Ltd amends consolidated full-year outlook for FY 2015
Friday, 8 Aug 2014 03:30am EDT 

Dai-ichi Life Insurance Co Ltd:Says the company increased consolidated full-year revenue outlook to 5,607,000 million yen from 5,349,000 million yen for FY ending March 31, 2015.Confirms the ordinary profit forecast at 246,000million yen.Confirms the net profit forecast at 80,000 million yen.FY 2015 revenues of 5,508.05 billion yen, reported net profit of 83.58 billion yen – Thomson Reuters I/B/E/S.Comments the sales increase is the main reason for the forecast.  Full Article

Dai-ichi Life Insurance Co Ltd completes acquisition of Sompo Japan DIY Life Insurance Co., Ltd from NKSJ Holdings Inc's subsidiary
Friday, 1 Aug 2014 02:30am EDT 

NKSJ Holdings Inc:Dai-ichi Life Insurance Co Ltd completed acquisition of 90 pct stake in Sompo Japan DIY Life Insurance Co., Ltd from Sompo Japan Insurance Inc, which is a subsidiary of NKSJ Holdings Inc on Aug. 1, for 5,400 million yen.Dai-ichi Life Insurance Co Ltd is holding a 100 pct stake in Sompo Japan DIY Life Insurance.  Full Article

Dai-ichi Life Insurance Co Ltd announces share price
Tuesday, 15 Jul 2014 04:00am EDT 

Dai-ichi Life Insurance Co Ltd:To issue 184,900,000 new shares through public offering at paid-in price of 1,343.20 yen per share (248,357,680,000 yen in total).Subscription period from July 16 to July 17 and payment date on July 23.To issue 12,900,000 new shares at paid-in price of 1,343.20 yen per share (up to 17,327,280,000 yen in total) through private placement.Subscription on Aug. 18 and payment date on Aug. 19.  Full Article

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