The Industry Standard: Intelligence for the Information Economy

  September 5, 2001
  NEWS & ANALYSIS
   Headlines
   Money & Markets
   Tech & Telecom
   Media & Marketing
   Metrics & Stats
   Policy & Politics
  SEARCH
   
  advanced search
  SERVICES
   Company Index
   Newsletters
   Wireless
  PRINT EDITION
   Read the Magazine

Home > Company Index > Insurance > Life Insurance > The Kyoei Life Insurance Co., Ltd.

The Kyoei Life Insurance Co., Ltd.
 NEWS FROM THE STANDARD
IPO Weekly: Here Comes the 'Rock'
Apr 13 2001 03:04 PM PDT

 PROFILE
"Failure" is a terrible word in business. Unfortunately, Kyoei Life Insurance has had to utter it. This midsized life insurer collapsed into bankruptcy in 2000 after amassing loads of bad loans due in part to generous payouts promised on policies written in the go-go 1980s. Before its meltdown, Kyoei Life Insurance, which specializes in life insurance for individuals, groups, and businesses, had been courting US-based Prudential as an investor. Under reorganization plans Prudential will be Kyoei Life's "sponsor" in recovery, providing the dishonored Japanese insurer with training, products, and sales support. The move will give Prudential a solid foothold in the Japanese insurance market.

 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
2000 Sales (mil.): 11,465.00
1-Yr. Sales Growth: 27.5%
Employees: 14,320
Revenue per employee: $800,628.49

 KEY PEOPLE
• Shoichi Otsuka
    CEO
• Masaru Orii
    CFO

 CONTACT INFO
4-4-1, Hongoku-cho Nihonbashi Chuo-ku
Tokyo 103-0021, Japan
Phone: 81-332-8511
Fax: 81-332-2910
Online: Web Site

Company Data   News, quotes & more       

Hoovers Online   Hoover's Company Capsule
Copyright © 2001, Hoover's Inc. Austin, Texas.
For changes and updates, contact Hoover's directly.


ADVERTISEMENT
FEATURED LINKS
Home |  Customer Service |  About Us
Australia |  Brazil |  China |  Korea |  Norway |  Poland |  Sweden |  Taiwan

Copyright ©2001 Standard Media International. Privacy Policy
Stock data provided by Stockpoint and its data suppliers. Copyright © 1995-2001