NEWS RELEASE
August 7, 2020
Ryosuke Mori, President
LIFENET INSURANCE COMPANY
(Securities Code: 7157, TSE Mothers)
July 2020: MONTHLY DISCLOSURE
Annualized premium of policies-in-force was 16,732 million yen, 121% of July 2019
TOKYO, August 7, 2020 - LIFENET INSURANCE COMPANY (TSE Mothers 7157, President Ryosuke Mori, URL: https://ir.lifenet-seimei.co.jp/en/)announces the monthly business performance for July 2020.
Annualized premium*1 of new business in the month of July 2020 was 346 million yen (132% of July 2019), and the number of new business was 8,195 (134% of July 2019).
Accordingly, annualized premium*1 of policies-in-force was 16,732 million yen. The number of policies-in-force as of the end of July 2020 resulted in a total of 394,003, and sum insured of policies-in-force stands at 2,737,617 million yen.
In July 2020, insurance premiums and claims and benefits recorded 1,355 million yen (120% of July 2019) and 185 million yen (77% of July 2019), respectively.
Topics | |
Jul. 3 | Notice of Issuance of New Shares and Secondary Offering |
https://data.swcms.net/file/lifenet-seimei/en/news/index/auto_20200703457595/pdfFile.pdf | |
Jul. 8 | Notice of Completion of Payment Related to New Share Issue for Restricted Stock |
Compensation | |
https://data.swcms.net/file/lifenet-seimei/en/news/index/auto_20200708459314/pdfFile.pdf | |
Jul. 13 | Notice of Determination of Issue Price, Sale Price and Other Matters |
https://data.swcms.net/file/lifenet-seimei/en/news/index/auto_20200713461635/pdfFile.pdf | |
Jul. 15 | Notice of Determination of Number of New Shares to be Issued and Change in Major |
Shareholder | |
https://data.swcms.net/file/lifenet-seimei/en/news/index/auto_20200715462929/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 new business, policies-in-force and premiums and claims (preliminary report)*2
Number of new business (month) | Jul. 2020 | Jul. 2019 | |
Number of new business | 8,195 | 6,100 | |
Sum insured of new business*3(million yen) | 47,065 | 30,297 | |
Annualized premium*1(million yen) | 346 | 261 | |
- excl. death coverage (million yen) | 191 | 157 | |
Number of new business (accumulated total) | Apr. 2020 - Jul. 2020 | Apr. 2019 - Jul. 2019 | |
Number of new business | 36,331 | 25,217 | |
Sum insured of new business*3(million yen) | 214,800 | 127,107 | |
Annualized premium*1 (million yen) | 1,512 | 1,083 | |
- excl. death coverage (million yen) | 823 | 647 | |
Number of policies-in-force | End of Jul. 2020 | End of Jul. 2019 | |
Number of policies-in-force | 394,003 | 325,774 | |
- Term Life | 190,072 | 158,096 | |
- Whole-life Medical | 108,217 | 90,039 | |
- Term Medical Care | 9,032 | 9,329 | |
- Long-term Disability | 56,827 | 50,961 | |
- Cancer | 29,855 | 17,349 | |
Sum insured of policies-in-force*3 (million yen) | 2,737,617 | 2,368,987 | |
Annualized premium*1 (million yen) | 16,732 | 13,824 | |
- excl. death coverage (million yen) | 8,592 | 7,020 | |
Insurance premiums and claims (million yen) | Jul. 2020 | Jul. 2019 | |
Insurance premiums | 1,355 | 1,125 | |
Insurance claims and benefits | 185 | 240 | |
*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.
Copyright© LIFENET INSURANCE COMPANY All rights reserved. | 2 |
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Lifenet Insurance Co. published this content on 07 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 August 2020 06:33:19 UTC