Lifenet Insurance's September Premiums Rise 7% to 38.3 Billion Yen

MT Newswires Live10-12

Lifenet Insurance's (TYO:7157) annualized premium of policies-in-force rose 7% year over year to 38.3 billion yen at the end of September, according to a Friday filing on the Tokyo Stock Exchange.

Premiums from individual insurance increased 7% to 29.6 billion yen, while group credit life insurance climbed 8% to 8.7 billion yen.

The number of individual policies in force grew to 709,296 from 659,078 a year earlier. New business premiums fell to 260 million yen from 289 million yen, and the number of new business policies fell to 6,786 from 7,238.

Insurance claims and benefits remained flat at 560 million yen in September, while the surrender and lapse ratio fell to 5.1% from 5.2%.

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