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Figures in millions
| Rank | Companies | Class of business | 2024 turnover | 2023 turnover | 2023-2024 evolution (1) | 2024 shares | ||
|---|---|---|---|---|---|---|---|---|
| JPY | USD | JPY | USD | |||||
| 1 | Nippon Life Insurance Company (Nissay) | L | 8 598 300 | 56 835 | 6 373 500 | 48 056 | 34.91% | 18.13% |
| 2 | Tokio Marine Holdings | C | 7 424 667 | 49 077 | 6 610 046 | 49 840 | 12.32% | 15.65% |
| 3 | MS&AD Insurance Group Holdings | C | 6 572 800 | 43 446 | 5 250 700 | 39 590 | 25.18% | 13.85% |
| 4 | Sompo Holdings | C | 4 933 646 | 32 611 | 4 525 869 | 34 125 | 9.01% | 10.40% |
| 5 | Dai-ichi Life Insurance Company | L | 2 247 732 | 14 858 | 2 251 939 | 16 979 | -0.19% | 4.74% |
| Top 5 insurers | 29 777 145 | 196 827 | 25 012 054 | 188 590 | 19.05% | 62.77% | ||
| Rest of the market (2) | 17 661 687 | 116 744 | 19 444 281 | 146 610 | -9.17% | 37.23% | ||
| Total market | 47 438 832 | 313 571 | 44 456 335 | 335 200 | 6.71% | 100% | ||
(1) Growth rate in local currency
(2) 69 companies
L = life company
C = composite company
Exchange rate as at 31/03/2024 : 1 JPY = 0.00661 USD. au 31/03/2023 : 1 JPY = 0.00754 USD. au 31/03/2022 : 1 JPY = 0.0082 USD. au 31/03/2021 : 1 JPY = 0.00907 USD. au 31/03/2020 : 1 JPY = 0.00927 USD
Read also | Japanese insurance market
