Home | Business News | Browse by Publication | J | Japan Weekly Monitor

Major life insurers' solvency margins decline.

Publication: Japan Weekly Monitor
Publication Date: 11-JUN-01
Format: Online
Delivery: Immediate Online Access

Article Excerpt
TOKYO, June 4 Kyodo

(EDS: ADDING MORE INFORMATION) Japan's top 10 life insurers on Monday reported declines in their solvency margins, the result of severe business conditions marked by negative spreads between their guaranteed yields to policyholders and returns on their own investments.

The 10 life insurers also suffered from decreases in their outstanding balances of individual life insurance and annuity contracts, although they reported a total of about 2.9 trillion yen in core operating profit, known as basic profit which is similar to net operating profit at banks.

All the 10 reported falls in their solvency...

View this article FREE - Now for a Limited Time, try Goliath Business News
Free for 3 Days!



More articles from Japan Weekly Monitor
Table of performance at Japanese life insurers., June 11, 2001
Daiei to close 3 more stores during FY 2001., June 11, 2001
2 Hiroshima banks to apply for TSE listing of holding firm., June 11, 2001
Policeman trying to mediate dispute stabbed to death., June 11, 2001
Dollar edges up against yen in early Tokyo trading., June 11, 2001

Looking for additional articles?
Search our database of over 3 million articles.

Looking for more in-depth information on this industry?
Search our complete database of Industry & Market reports by text, subject, publication name or publication date.

About Goliath
Whether you're looking for sales prospects, competitive information, company analysis or best practices in managing your organization, Goliath can help you meet your business needs.

Our extensive business information databases empower business professionals with both the breadth and depth of credible, authoritative information they need to support their business goals. Whether it be strategic planning, sales prospecting, company research or defining management best practices - Goliath is your leading source for accurate information.