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TYO:8750

4 stories mentioning TYO:8750

Every FINWIRES story that references TYO:8750, newest first.

Asia

Market Chatter: Allianz Seen as Top Bidder for HSBC Life Singapore

German insurer Allianz is the leading contender to acquire HSBC Holdings' (HKG:0005) Singapore insurance unit, Bloomberg News reported on Sunday, citing people familiar with the matter.HSBC is seeking a valuation of as much as $2 billion for the business, the sources said, adding that Allianz and the bank are currently working through the details of a potential transaction.According to the report, HSBC had shortlisted Allianz, Sumitomo Life Insurance and Dai-ichi Life Holdings (TYO:8750) as bidders for HSBC Life Singapore. Sun Life Financial (PSE:SLF) and Nippon Life Insurance had previously been identified as potential contenders, the newswire said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

HKG:0005PSE:SLFTYO:8750
Asia

Market Chatter: Sumitomo Life and Dai-ichi Life Shift to Higher-Risk Private Credit Assets for Better Returns

Japanese insurers Sumitomo Life and Daiichi Life (TYO:8750) are increasing their exposure to private credit as a way to chase better returns, having largely completed their asset rebalancing efforts, Nikkei Asia reported Thursday, citing officials.According to President Yukinori Takada, Sumitomo Life aims to grow its private credit holdings by 60% from the current 1.6 trillion yen by the end of fiscal 2028, the news daily said.Daiichi Life also plans to boost its private credit balance this fiscal year after reaching 120 billion yen in December, the publication said.Naoto Ichimura, general manager of Daiichi Life, said life insurers can assume liquidity risk due to their long-term policy structures, making private credit an attractive asset class if proper manager selection and rigorous risk controls are in place, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:8750
Dai-ichi Life's Fiscal 2025 Profit Slides on One-Off Accounting Revision
US Markets

Dai-ichi Life's Fiscal 2025 Profit Slides on One-Off Accounting Revision

Dai-ichi Life's (TYO:8750) attributable profit fell in fiscal 2025 on the one-off impact of new accounting standards in the U.S. by unit Protective Life.The Japanese insurance group logged an attributable profit of 436.6 billion yen in the fiscal year ended March 31, 2026, down 4.8% from 458.4 billion yen a year earlier.Diluted net income per share slipped to 119.82 yen from 123.70 yen a year earlier.U.S. unit Protective Life adopted the Financial Accounting Standards Board's (FASB) Long-Duration Targeted Improvements, resulting in a one-off impact of 53.1 billion yen.The insurer's ordinary revenue increased 15% to 11.3 trillion yen from 9.877 trillion yen in the prior-year period.Premiums and other income grew 2.1% year over year to 6.944 trillion yen due to higher sales at the Dai-ichi Frontier Life Insurance business.Investment income surged 48% to 3.735 trillion yen, and other ordinary revenue jumped 15% to 628.8 billion yen.Ordinary expenses jumped 16% to 10.6 billion yen, with policy reserves surging 431% to 1.815 trillion yen.Benefits and claims slipped 2% year over year to 6.447 trillion yen.The insurer will pay out a final dividend of 30.50 yen per share, making the total dividend payout for fiscal 2025 54.50 yen, lower than the 137 yen per share paid out in the previous fiscal year.For the fiscal year through March 31, 2027, attributable profit could rise 18% to 513 billion yen, or 142.46 yen per share, in line with its 4-for-1 stock split completed in April 2025.Revenue may slide 5.7% to 10.7 trillion yen, while ordinary profit could jump 15% to 869 billion yen.The insurer could pay a dividend of 72 yen in fiscal 2026.

TYO:8750
Asia

Market Chatter: Japanese Life Insurers See Elevated Risk in Bond Market Conditions

Major Japanese life insurers are taking a cautious approach to Japanese government bond investments as volatility rises and yields hit historic levels, Nikkei reported Thursday.At Dai-ichi Life Insurance (TYO:8750), Managing Executive Officer Kazuyuki Shigemoto said timing purchases of long-dated bonds has become difficult amid uncertainty over inflation, fiscal policy and geopolitical tensions, including developments in the Middle East, the report said.The company is wary of locking in positions that could quickly move into losses even as 40-year yields near 4% are seen as attractive in some scenarios, according to the report.At Nippon Life Insurance, Executive Officer Keisuke Kawasaki said volatility in long-term rates has increased due in part to leveraged flows from overseas investors. The company continues to buy long-duration bonds but is also relying more on derivatives to manage timing and returns, the report said.Fiscal uncertainty, energy costs and geopolitical risks are shaping their outlook, while the path of Bank of Japan rate hikes remains gradual but data-dependent, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:8750