GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Dai-ichi Life Holdings Inc (FRA:QHH) » Definitions » Days Payable

Dai-ichi Life Holdings (FRA:QHH) Days Payable


View and export this data going back to 2010. Start your Free Trial

What is Dai-ichi Life Holdings Days Payable?

Days Payable does not apply to banks and insurance companies.


Dai-ichi Life Holdings Business Description

Traded in Other Exchanges
Address
13-1, Yurakucho 1-chome, Chiyoda-ku, Tokyo, JPN, 100-8411
Daiichi Life is Japan's second-largest life insurance company excluding recently privatized Japan Post Insurance, with a market share of around 11% of annualized net premiums. Unlike its largest domestic competitors Nippon Life, Meiji Yasuda, and Sumitomo Life, which remain mutually owned by their policyholders, Daiichi Life demutualized and listed on the Tokyo Stock Exchange in 2010. Its main domestic operating company accounts for around 60% of profits, its Frontier bancassurance subsidiary selling mainly savings products accounts for around 10%, Alabama-based Protective Life accounts for around 15%, TAL in Australia accounts for 7%, and Daiichi Life Vietnam around 5%. Daiichi also holds a 30% economic interest in Mizuho's Asset Management One.