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Home > Company Index > Insurance > Life Insurance > Sumitomo Life Insurance Company

Sumitomo Life Insurance Company
 NEWS FROM THE STANDARD
Learning How to Take Risks
Jul 24 2000 12:00 AM PDT

Entrust Partners for Japanese Subsidiary
Dec 02 1998 12:00 AM PST

 PROFILE
Japan's #3 mutual life concern after Nippon Life and Dai-ichi Mutual Life, Sumitomo Life Insurance has faltered but remains solvent in a troubled (and deregulating) industry. The firm sells individual, group life, and specialized health policies (it has introduced nursing care insurance products); administers pension plans; and, through subsidiary Sumi-Sei General, offers accident, fire, and auto insurance. It also offers asset management through its Sumitomo Life International Investment Management Co. The firm, which has subsidiaries in the UK, the US, and Asia, is part of the Sumitomo "keiretsu" -- a group of firms linked by cross-ownership.

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

 FINANCIAL OVERVIEW
Fiscal Year-End: March
2000 Sales (mil.): 48,028.20
1-Yr. Sales Growth: 15.9%
Employees: 65,514
Revenue per employee: $733,098.27

 KEY PEOPLE
• Koichi Yoshida
    CEO
• Yasuo Yoshino
    CFO

 CONTACT INFO
2-2-5, Nakanoshima, Kita-ku
Osaka 530-8220, Japan
Phone: 81-6-6231-8401
Fax: 81-212-980-4008
Online: Web Site

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