The four major life insurance companies announced their interim financial results until September this year, and three of them decreased their "basic profit", which is the profit of their main business.
This is because the payment of hospitalization benefits paid if a member of medical insurance is infected with the new corona has expanded.
The four major companies, "Nippon Life Insurance", "Dai-ichi Life Holdings", "Meiji Yasuda Life Insurance", and "Sumitomo Life Insurance", announced their financial results for the six months until September this year by the 25th.
According to this, the core profit, which is the profit from the main business, decreased by 34.3% from the same period of the previous year to 261.6 billion yen for Nippon Life, decreased by 22.6% to 202.4 billion yen for Dai-ichi Life, and decreased by 34.9% for Sumitomo Life. totaled 109.8 billion yen, and profits decreased at three companies.
This is because the hospitalization benefits paid if infected with the new corona were paid, including "deemed hospitalization" for treatment at home, etc., and the payment was greatly expanded.
On the other hand, Meiji Yasuda Life's core profit increased by 8.2% to 221.2 billion yen due to an increase in income such as interest and dividends from overseas, despite an increase in hospitalization benefit payments.
From late September, each company limited the payment of benefits to people with a high risk of becoming seriously ill, but the total payment from April to September exceeded 200 billion yen for the four companies. .
Kazuo Sato, Managing Director of Nippon Life Insurance Co., said at a press conference, "The impact of the spread of infection is greater than expected. We are still receiving a considerable number of claims, and we need to keep in mind the impact on income and expenditure." increase.