Nippon Life will acquire 85.1% of the shares of "Mutual Life" a foreign-affiliated life insurance company headquartered in Tokyo on 2nd from the parent company's American financial group and make it a subsidiary I made clear what I agreed. The purchase price is over 100 billion yen and it is said that it will close the procedure by June.

"Mutual Life" has strengths in selling "pension insurance denominated in foreign currencies" and "whole life insurance" at bank contacts, Nippon Life has strengthened this field through acquisitions, diversified revenue sources The aim is to achieve.

At a press conference on the 2nd, Nippon Life's Mikasa Yuji stated, "It is important to respond finely to diversifying needs to enhance the competitiveness of the domestic market It was.

The life insurance industry is in a severe business environment due to the shrinking market due to the declining population, major companies have taken over acquisitions of overseas insurance companies one after another, and Nippon Life Insurance Co., Ltd. There are also moves to restructure domestic insurance companies such as putting them in.