March 5, 2021
Ryosuke Mori, President
LIFENET INSURANCE COMPANY (Securities Code: 7157, TSE Mothers)
February 2021: MONTHLY DISCLOSURE
Annualized premium of policies-in-force was 18,460 million yen, 121% of February 2020
TOKYO, March 5, 2021 - LIFENET INSURANCE COMPANY (TSE Mothers 7157, President Ryosuke Mori, URL:https://ir.lifenet-seimei.co.jp/en/)announces the monthly business performance for February 2021.
Annualized premium*1 of new business in the month of February 2021 was 343 million yen (107% of February 2020), and the number of new business was 8,369 (111% of February 2020).
Accordingly, annualized premium*1 of policies-in-force was 18,460 million yen. The number of policies-in-force as of the end of February 2021 resulted in a total of 433,964, and sum insured of policies-in-force stands at 2,959,752 million yen.
In February 2021, insurance premiums and claims and benefits recorded 1,494 million yen (121% of February 2020) and 411 million yen (253% of February 2020), respectively.
Topics
Feb. 9
Financial Results for 3Q of Fiscal 2020 Ending March 31, 2021https://ir.lifenet-seimei.co.jp/en/library/earnings.html
Changes in Management Teamhttps://data.swcms.net/file/lifenet-seimei/en/news/index/auto_20210209459408/pdfFile.pdf
Notice regarding a Transition to a Company with an Audit and Supervisory Committeehttps://data.swcms.net/file/lifenet-seimei/en/news/index/auto_20210209459362/pdfFile.pdf
Lifenet Concludes Business Alliance Agreement with Money Forwardhttps://data.swcms.net/file/lifenet-seimei/en/news/index/auto_20210209459144/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)
Number of new business, policies-in-force and premiums and claims (preliminary report)*2
Number of new business (month) | Feb. 2021 | Feb. 2020 |
Number of new business | 8,369 | 7,539 |
Sum insured of new business*3(million yen) | 48,443 | 40,465 |
Annualized premium*1(million yen) | 343 | 321 |
- excl. death coverage (million yen) | 179 | 186 |
Number of new business (accumulated total) | Apr. 2020 - Feb. 2021 | Apr. 2019 - Feb. 2020 |
Number of new business | 91,754 | 73,166 |
Sum insured of new business*3(million yen) | 524,853 | 370,102 |
Annualized premium*1 (million yen) | 3,830 | 3,095 |
- excl. death coverage (million yen) | 2,096 | 1,847 |
Number of policies-in-force | End of Feb. 2021 | End of Feb. 2020 |
Number of policies-in-force | 433,964 | 359,631 |
- Term Life | 210,284 | 173,173 |
- Whole-life Medical | 118,744 | 98,762 |
- Term Medical Care | 8,877 | 9,139 |
- Long-term Disability | 59,277 | 54,197 |
- Cancer | 36,782 | 24,360 |
Sum insured of policies-in-force*3 (million yen) | 2,959,752 | 2,536,404 |
Annualized premium*1 (million yen) | 18,460 | 15,271 |
- excl. death coverage (million yen) | 9,455 | 7,839 |
Insurance premiums and claims (million yen) | Feb. 2021 | Feb. 2020 |
Insurance premiums | 1,494 | 1,237 |
Insurance claims and benefits | 411 | 162 |
*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 new business and sum insured of policies-in-force 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.
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Lifenet Insurance Co. published this content on 05 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 March 2021 06:32:08 UTC.