Lifenet Insurance reports 10% annualized premium growth in August

Lifenet Insurance Company reported its August 2025 business performance, highlighting a 10% year-over-year growth in annualized premiums of policies-in-force, which climbed to JPY 35,586 million. This growth was driven by both individual insurance and group credit life insurance. Individual insurance annualized premiums rose to JPY 27,553 million, a 6% increase from August 2024, while group credit life insurance saw a 28% surge to JPY 8,032 million.

The company also detailed the performance of its individual insurance segment. The number of policies-in-force reached 654,912 in August 2025, up from 615,346 in August 2024. New business annualized premiums for individual insurance grew to JPY 240 million, an increase from JPY 213 million year-over-year, with the number of new business policies reaching 6,129.

Insurance claims and benefits paid increased to JPY 728 million from JPY 410 million in August 2024. The surrender and lapse ratio improved slightly, decreasing to 5.2% in August 2025 from 5.5% in the same period last year, indicating improved policyholder retention.