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Lifenet Insurance Company ( (JP:7157) ) has shared an update.
Lifenet Insurance Company reported its consolidated financial results for fiscal 2024, showing significant growth in its insurance revenue and net income. The annualized premium of policies-in-force increased, driven by a revision in premium rates and a rise in the number of policies. Despite a foreign exchange loss impacting financial results, the company achieved a net income before taxes of 9,179 million yen, reflecting a 111.2% increase compared to the previous year. The results highlight Lifenet’s strong market positioning and operational efficiency, with implications for continued growth and stakeholder confidence.
More about Lifenet Insurance Company
Lifenet Insurance Company operates in the insurance industry, focusing on individual life insurance and group credit life insurance (GCL). The company is listed on the TSE Growth market and offers insurance products with a focus on affordability and accessibility.
Average Trading Volume: 191,594
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen146.6B
Learn more about 7157 stock on TipRanks’ Stock Analysis page.