Lifenet Insurance reports 120% premium growth in February
Lifenet Insurance (TSE:7157) reported strong growth in its February 2025 earnings, with annualized premium reaching ¥33.953 billion, a 120% increase compared to the same period last year. The company's individual insurance annualized premium grew to ¥26.740 billion, a 106% increase year-over-year. Group credit life insurance also saw substantial growth, reaching ¥7.213 billion, representing a 234% increase. As for individual insurance policies, the number of policies in force stood at 634,052 as of February 2025. New annualized premium was ¥265 million, written across 6,595 policies. The insurer's claim payments amounted to ¥366 million. Lifenet's cancellation rate was 5.0%.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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