Life insurers' annualized premium of individual policies in force Japan FY 2014-2023

Published by Statista Research Department, Dec 4, 2024

The annualized premium of individual insurance policies in force of life insurance companies in Japan totaled about 28.2 trillion Japanese yen in the fiscal year 2023. The value, which includes annuity insurance and third-sector insurance, increased for the first time in five years. The annualized premium is the amount of premium income which a life insurer would receive in one year, under the assumption that the premium is equally divided and paid throughout the entire contract period.

Annualized premiums of individual policies in force of life insurance companies in Japan from fiscal year 2014 to 2023 (in trillion Japanese yen)

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Release date

November 2024

Region

Japan

Survey time period

fiscal years 2014 to 2023; the Japanese fiscal year starts on April 1 of the stated year and ends on March 31 of the following year

Special properties

including individual annuity and third-sector insurance

Supplementary notes

Figures reflect the business results of member companies of The Life Insurance Association of Japan.

100 Japanese yen equal 0.67 U.S. dollars or 0.63 euros as of December 2024.

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