, is a Japanese life insurer that was established on October 1, 2007, with the privatization of . It is part of the

Japan Post Holdings is a Japanese publicly traded conglomerate headquartered in Kasumigaseki, Chiyoda, Tokyo. It is mainly engaged in postal and logistics business, financial window business, banking business and life insurance business. The company offers letters ...

group. As of 2011, it was the world's fourth largest insurance company as regards net premiums written behind three European insurers and the largest as regards non-banking assets. On November 4, 2015, Japan Post Insurance () was listed on the

Tokyo Stock Exchange The , abbreviated as Tosho () or TSE/TYO, is a stock exchange located in Tokyo, Japan. It is the third largest stock exchange in the world by aggregate market capitalization of its listed companies, and the largest in Asia. It had 2,292 listed ...

as part of a "triple IPO" (

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...

) with shares offered as well in Japan Post Holdings () and in Japan Post Bank (). About 10% of the shares in each company was offered.

History

On September 1, 2006, the company started as the "preparation company (準備会社)". On October 1, 2007, it started with the division and privatization of

Japan Post was a Japanese statutory corporation that existed from 2003 to 2007, offering postal and package delivery services, banking services, and life insurance. It's the nation's largest employer, with over 400,000 employees, and runs 24,700 pos ...

. In December 2019, Japan Post Holdings and Japan Post Insurance were revealed to be involved in a large-scale illegal insurance sales scam targeting elder customers. The president and CEO of Japan Post Holdings, Masatsugu Nagato, along with the president of Japan Post Insurance, Mitsuhiko Uehira, and the president of Japan Post, Kunio Yokoyama, were forced to resign due to public pressure. The stock price plummeted and the Japanese government announced to delay the privatization process by 5 years.

References

External links

Japan Post Insurance
Life insurance companies of Japan Mutual insurance companies Japan Post Holdings Financial services companies established in 2007 Japanese companies established in 2007 2015 initial public offerings {{japan-company-stub

History

See also

References

External links