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Home > Company Index > Insurance > Life Insurance > Toho Mutual Life Insurance Company

Toho Mutual Life Insurance Company
 PROFILE
Once one of Japan's largest life insurers and now one of the most prominent victims of Japan's economic meltdown, Toho Mutual Life Insurance has turned to white knight GE Capital Services. Burdened by bad debts and policyholder defections, Toho has transferred all new business and most operations to GE Capital Edison Life Insurance, a joint venture 90%-owned by the General Electric subsidiary. Toho Mutual continues servicing its existing accounts and handling investments. This is Japan's first such deal with a foreign company, and it gives GE Capital a substantial position in Japan's huge, deregulating life insurance industry.

 COMPETITION
The Dai-ichi Mutual Life Insurance Company (dossier)
Nippon Life Insurance Company (dossier)
Sumitomo Life Insurance Company (dossier)

 FINANCIAL OVERVIEW
Fiscal Year-End: March
1998 Sales (mil.): 15,745.10
1-Yr. Sales Growth: (3.1)%
Employees: 2,177
Revenue per employee: $7,232,475.88

 KEY PEOPLE
• Ridai Sakogawa
    CEO
• Uno Shiro
    CFO

 CONTACT INFO
2-15-1 Shibuya, Shibuya-ku
Tokyo 150-8680, Japan
Phone: 81-334-1111
Fax: 81-354-7261

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