Lifenet Insurance Company ( (JP:7157) ) has issued an update.
Lifenet Insurance Company reported a strong financial performance for the third quarter of fiscal 2024, with significant growth in insurance revenue and net income. The annualized premium of policies-in-force increased notably, reflecting effective premium rate revisions and increased business from group credit life insurance. The company also experienced a decrease in the surrender and lapse ratio, highlighting improved policy retention. Despite a minor foreign exchange loss affecting financial results, the company’s overall profitability improved, indicating robust operational efficiency and strategic market positioning.
More about Lifenet Insurance Company
Lifenet Insurance Company operates in the insurance industry, focusing primarily on individual life insurance and group credit life insurance. The company is listed on the Tokyo Stock Exchange’s growth market and is led by President Ryosuke Mori.
YTD Price Performance: 6.48%
Average Trading Volume: 227,981
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen155.8B
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