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 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

Dai-ichi Life Insurance Co Ltd to issue new shares
Thursday, 3 Jul 2014 04:00am EDT 

Dai-ichi Life Insurance Co Ltd:Resolved to issue 184,900,000 new shares through public offering and payment date on any day between July 23 and July 25.Resolved to issue 12,900,000 new shares through private placement and says subscription on Aug. 18 and payment date on Aug. 19.Prices to be decided and disclosed later.  Full Article

Dai-ichi Life Insurance Co Ltd to acquire Protective Life Corp
Tuesday, 3 Jun 2014 08:40pm EDT 

Dai-ichi Life Insurance Co Ltd and Protective Life Corp:Enter into definitive agreement under which Dai-ichi Life will acquire all outstanding shares of Protective Life Corp. for $70.00 per share in cash, or a total transaction value of about $5.7 bln.Transaction, which has been approved by both companies' boards of directors, is expected to close by end of 2014 or early 2015.Dai-ichi Life intends to fund transaction through cash in hand and supplementary sources if necessary.Goldman Sachs is acting as financial advisor to Dai-ichi Life and Baker & McKenzie and Willkie, Farr & Gallagher are acting as legal advisors.Morgan Stanley is serving as financial advisor to Protective and Debevoise & Plimpton LLP is serving as legal advisor.  Full Article

Dai-ichi Life Insurance raises full-year consolidated outlook and reaffirms dividend forecast for FY 2014
Friday, 2 May 2014 03:30am EDT 

Dai-ichi Life Insurance Co Ltd:Raised full-year consolidated outlook for fiscal year ended March 31, 2014.Full-year revenue outlook of 6,044 bln yen raised from 5,589 bln yen.Full-year ordinary profit outlook of 304 bln yen raised from 249 bln yen.Full-year net profit outlook of 77 bln yen raised from 57 bln yen.Outlook raised due to increase in asset operation profit.FY 2014 revenue of 5,576.22 bln yen and net profit of 65.62 bln yen - Thomson Reuters I/B/E/S.Reaffirmed dividend of 20 yen per share, for the same fiscal year.  Full Article

Dai-ichi Life Insurance completes liquidation of subsidiaries
Monday, 31 Mar 2014 02:30am EDT 

Dai-ichi Life Insurance Co Ltd:Completed liquidation of TAL Limited and TAL Finance Pty Limited in Australia, on March 28.  Full Article

STrust to acquire property from Dai-ichi Life Insurance
Monday, 17 Mar 2014 02:00am EDT 

STrust Co Ltd:To acquire a property located in Yamaguchi, Japan for about 570 mln yen, from Dai-ichi Life Insurance Co Ltd on March 28.  Full Article

Dai-ichi Life Insurance Co Ltd to fully acquire Sompo Japan DIY Life Insurance Co., Ltd from Sompo Japan Insurance Inc
Friday, 14 Feb 2014 02:30am EST 

Dai-ichi Life Insurance Co Ltd:Says it will acquire a 90 pct stake in Sompo Japan DIY Life Insurance Co., Ltd from Sompo Japan Insurance Inc to hold a 100 pct stake in Sompo Japan DIY Life Insurance in 2014.  Full Article

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Dai-ichi Life to raise $1 billion via subordinated bond issue: source

TOKYO - Japan's Dai-ichi Life Insurance Co Ltd will raise $1 billion by issuing dollar-denominated subordinated bonds in overseas markets, a source with direct knowledge of the matter said on Wednesday.

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