Dai-ichi Life Insurance Co Ltd (8750.T) Key Developments | Reuters.com
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Dai-ichi Life Insurance Co Ltd (8750.T)

8750.T on Tokyo Stock Exchange

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27 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Dai-ichi Life Insurance raises consolidated full-year outlook and year-end dividend forecast for FY 2015
Friday, 1 May 2015 03:50am EDT 

Dai-ichi Life Insurance Co Ltd:Full-year operating profit forecast increased to 72,520 million yen from 64,090 million yen for FY ended March 2015.Full-year ordinary profit forecast increased to 4,060 million yen from 3,180 million yen.Full-year net profit forecast increased to 1,420 million yen from 800 million yen.Comments the increased income from insurance premiums and increased investment income are the main reasons for the forecast.Raises year-end dividend forecast to 28 yen per share from 25 yen per share, for fiscal year 2015.  Full Article

Dai-ichi Life Insurance announces information loss
Tuesday, 24 Mar 2015 03:00am EDT 

Dai-ichi Life Insurance Co Ltd:Says two microfilms were found lost, storing information of former customers whose contracts are not effective currently, in early March.One lost microfilm contains 270 customer information including names, and was made in April 1992.About 600,000 microfilms are used in information storing of former customers.  Full Article

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

Fitch Upgrades Dai-ichi Life's IFS Rating to 'A+'; Outlook Negative

(The following statement was released by the rating agency) TOKYO/HONG KONG, June 24 (Fitch) Fitch Ratings has upgraded The Dai-ichi Life Insurance Company, Limited's (Dai-ichi Life) Insurer Financial Strength (IFS) Rating to 'A+' from 'A'. The Outlook is Negative. Fitch has simultaneously affirmed Dai-ichi Life's Long-Term Issuer Default Rating (IDR) at 'A' and revised the Outlook to Stable from Negative. Fitch has also affirmed at 'A-' the ratings on Dai-ichi Life's USD1.3bn cumulative p