Last year's financial results of four major life insurance companies all declined due to a decrease in sales of insurance products denominated in foreign currencies amid continued low interest rates worldwide and the refraining from face-to-face sales due to the impact of the new corona. have become.
According to last year's financial results announced by four major life insurance companies by the 26th, all of the "insurance premium income", which is the sales, was lower than the previous year.
Of this,
▽ Nippon Life was
5,190.1 billion yen,
9% lower than the previous year,
▽ Daiichi Life Holdings was 4,730.3 billion yen, a decrease of 3%, and
▽ Meiji Yasuda Life was 2,669.3 billion yen, 8 %,
▽ Sumitomo Life decreased by 1% to 2,415.5 billion yen.
This is because sales of insurance products denominated in foreign currencies decreased while interest rates continued to be low worldwide, and companies refrained from face-to-face sales activities mainly in April and May last year due to the influence of the new coronavirus. And so on.
Regarding the future outlook, Nippon Life's managing director Satoshi Asahi said at a press conference, "Sales by sales staff last month have recovered to about 90% of the level before Corona, but sales are mainly in areas where an emergency declaration has been issued. The outlook is becoming more and more uncertain due to restrictions on activities, and it must be said that the early recovery and improvement of profitability is also being affected. "