NEWS RELEASE
March 7, 2022
Ryosuke Mori, President
LIFENET INSURANCE COMPANY
(Securities Code: 7157, TSE Mothers)
February 2022: MONTHLY DISCLOSURE
Number of policies-in-force exceeded 500,000
TOKYO, March 7, 2022 - LIFENET INSURANCE COMPANY (TSE Mothers 7157, President Ryosuke Mori, URL: https://ir.lifenet-seimei.co.jp/en/)announces the monthly business performance for February 2022.
Annualized premium*1 of new business in the month of February 2022 was 317 million yen (93% of February 2021), and the number of new business was 8,056 (96% of February 2021). On the other hand, Lifenet has extended grace period for insurance premium payment as one of the special measures in the COVID-19 pandemic. 32 policies out of the extended policies were recorded as lapsed policies in a lump sum in February 2022. Accordingly, annualized premium*1 of policies-in-force was 21,283 million yen. The number of policies-in-force as of the end of February 2022 resulted in a total of 501,970, and sum insured of policies-in-force stands at 3,322,921 million yen.
In February 2022, insurance premiums and claims and benefits recorded 1,738 million yen (116% of February 2021) and 337 million yen (82% of February 2021), respectively.
Topics | |
Feb. 7 | Lifenet's IR Website Awarded the AAA Rating in the 2021 All Japanese Listed Companies' |
Website Ranking for the 3rd consecutive year | |
https://data.swcms.net/file/lifenet-seimei/en/news/index/auto_20220207581652/pdfFile.pdf | |
Launch of New Sustainability Webpage | |
https://ir.lifenet-seimei.co.jp/en/sustainability.html | |
Feb. 10 | Financial Results for 3Q of Fiscal 2021 Ending March 31, 2022 |
https://ir.lifenet-seimei.co.jp/en/library/earnings.html |
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) | Feb. 2022 | Feb. 2021 | |||
Number of new business | 8,056 | 8,369 | |||
Sum insured of new business*3(million yen) | 40,896 | 48,443 | |||
Annualized premium*1(million yen) | 317 | 343 | |||
- excl. death coverage (million yen) | 184 | 179 | |||
Number of new business (accumulated total) | Apr. 2021 - Feb. 2022 | Apr. 2020 - Feb. 2021 | |||
Number of new business | 92,309 | 91,754 | |||
Sum insured of new business*3(million yen) | 496,032 | 524,853 | |||
Annualized premium*1 (million yen) | 3,750 | 3,830 | |||
- excl. death coverage (million yen) | 2,108 | 2,096 | |||
Number of policies-in-force | End of Feb. 2022 | End of Feb. 2021 | |||
Number of policies-in-force | 501,970 | 433,931 | |||
- Term Life | 245,043 | 210,267 | |||
- Whole-life Medical | 137,185 | 118,731 | |||
- Term Medical Care | 8,524 | 8,876 | |||
- Long-term Disability | 63,486 | 59,276 | |||
- Cancer | 47,732 | 36,781 | |||
Sum insured of policies-in-force*3 (million yen) | 3,322,921 | 2,959,386 | |||
Annualized premium*1 (million yen) | 21,283 | 18,458 | |||
- excl. death coverage (million yen) | 10,862 | 9,454 | |||
Insurance premiums and claims (million yen) | Feb. 2022 | Feb. 2021 | |||
Insurance premiums | 1,738 | 1,497 | |||
Insurance claims and benefits | 337 | 411 | |||
*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 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 March 2022 06:48:08 UTC.