Dai-ichi Life Completes First Phase of Major Reinsurance Transaction

The latest update is out from Dai-ichi Life Holdings ( (JP:8750) ).

Dai-ichi Life Holdings has announced the completion of the first phase of a significant reinsurance transaction involving its subsidiary, Protective Life Corporation. This transaction involves ceding approximately 65% of a targeted USD 9.7 billion block of insurance policies, which is expected to increase the company’s total consolidated assets by over 30%. The transaction is progressing as planned, with further developments anticipated following the establishment of a captive entity, although it will not impact the company’s financial results for the fiscal year ending March 31, 2025.

More about Dai-ichi Life Holdings

Dai-ichi Life Holdings, Inc. operates in the insurance industry, providing a range of life insurance products and services. The company focuses on expanding its market presence through strategic transactions and investments, with a significant emphasis on enhancing its asset base and financial stability.

YTD Price Performance: -8.40%

Average Trading Volume: 307

Technical Sentiment Signal: Hold

Current Market Cap: $24.17B

See more insights into 8750 stock on TipRanks’ Stock Analysis page.