Insurance policies

Lifenet Insurance: In-force policies exceeded 500,000







March 7, 2022

Ryōsuke Mori, President

LIFENET INSURANCE COMPANY

(Title Code: 7157, TSE Mothers)

Policies in force exceeded 500,000

Fastest growth rate in increments of 100,000 policies since inception

TOKYO, March 7, 2022 – LIFENET INSURANCE COMPANY (TSE Mothers 7157, Chairman Ryosuke Mori, URL: https://ir.lifenet-seimei.co.jp/en/)announces that its number of in-force policies exceeded 500,000 on February 17, 2022. In commemoration of this achievement, we will be launching a “Thank you for achieving 500,000” campaign on Twitter.

We have continued to grow steadily since we launched our business in 2008 based on the LIFENET Manifesto to provide understandable, competitive and practical services. Our policies in force surpassed 400,000 on September 3, 2020, and we achieved an increase of 100,000 policies in force in approximately one year and five months, which was the fastest pace. This is largely due to the support of our various stakeholders in our mission to realize the Manifesto.

Lifenet will continue to pursue the best service for customers at all times in accordance with the Manifesto and meet the challenges of driving innovation in the life insurance industry to provide customers with essential coverage.

  • Changes in the number of Policies in force

500,000

439,945

365 171

308,854

263,847

225,534

239,800

202 963

215,403

169,312

118,040

63,188

23,506

5,116

Tue. Tue. Tue. Tue. Tue. Tue. Tue.

Mar.

Mar.

Mar.

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Mar.

February 17

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2022

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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  • Comments by Ryosuke Mori, Managing Director and President

We are committed to providing a timely customer experience so that customers can purchase products and services that are easy to understand, affordable and convenient.

We are very pleased to have reached the number of policies in force exceeding 500,000 and to have continuously increased. We feel grateful to all of our stakeholders who support our growth.

Today, household budgets are affected by rising prices caused by expanding demand due to the resumption of economic activities and prolonged global supply constraints. In such a business environment, we believe that online life insurance, which allows people to easily purchase life insurance with their smartphone at low premiums, plays an increasingly important role.

As the leading company in the online life insurance market, we will continuously strive to provide insurance to even more customers and become a familiar presence.

About LIFENET URL https://ir.lifenet-seimei.co.jp/en/

Remembering the original purpose of life insurance – mutual support – LIFENET INSURANCE COMPANY was founded with the aim of offering simple, convenient and competitively priced products and services based on the highest levels of business integrity. We sell these products and services directly to customers over the Internet and in doing so we are able to offer very competitive products and accommodate customer inquiries at any time of the day.

Contact:

Investor Relations, Corporate Planning Department

Tel: +81-3-5216-7900email:[email protected]

Disclaimer: This is a translation/abridged version of the original Japanese document, prepared and provided solely for the convenience of readers. In case of any discrepancy or dispute, the Japanese document prevails.

Copyright© LIFENET INSURANCE COMPANY All rights reserved.

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Warning

Lifenet Insurance Co. published this content on March 07, 2022 and is solely responsible for the information contained therein. Distributed by publicunedited and unmodified, on March 07, 2022 06:48:08 UTC.

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2022 sales 26,100M
228M
228M
Net income 2022 -3,200M
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Net debt 2022

PER 2022 ratio -12.0x
2022 return
Capitalization 38,393 million
335 million
335 million
capi. / Sales 2022 1.47x
capi. / Sales 2023 1.36x
# of employees 165
Floating 75.2%

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