AM Best has affirmed a stable outlook for Dai-ichi Life Insurance, citing the company’s robust balance sheet, solid operating performance, and favorable business profile.
Dai-ichi Life Holdings, Inc. (DLH), the parent company of Dai-ichi Life (DL), reported a 46% year-over-year increase in total reported capital, reaching $26 billion (¥3.9 trillion) as of March 31, 2024. This growth was driven by unrealized gains on securities amid favorable market conditions.
Despite market volatility, the group’s economic solvency ratio remained above 200%. AM Best forecasts that Dai-ichi Life’s risk-adjusted capitalization will remain at its strongest level, supported by prudent asset-liability management and robust financial flexibility.
In the first half of fiscal year 2024, Dai-ichi Life saw increased profitability, driven by a higher investment spread and reduced new business acquisition costs.
AM Best also anticipates that the company’s diversified profit sources—including a stable domestic in-force book and expanding international operations—will help sustain long-term earnings stability.
Related topics
