Sumitomo Life Insurance Company is one of the largest mutual life insurers in Japan with customer base of around 11 million policies in force covering 8 million policyholders, and individual life insurance in force of US$675 billion. It has one of Japan’s largest nationwide sales networks, encompassing over 85 branch offices, about 1,430 district offices, and around 42,800 full-time sales personnel. It also sells its products via a domestic network of over 300 banks and financial institutions, the largest bancassurance network of any domestic life insurer. The company was founded in 1907 and is based in Osaka, Japan.

In 2010, Sumitomo Life established Medicare Life Insurance Co., as a separate life insurer. In 2013, Sumitomo acquired 18% of the issued shares of Bao Viet Holdings, the largest insurance and financial group in Vietnam. In May 2014, the company completed acquisition approximately 40% of the issued shares of PT BNI Life Insurance, a subsidiary of PT Bank Negara Indonesia. In 2016, Sumitomo acquired Symetra Financial Corporation, a U.S.-based insurance company. As of March 31, 2018, Sumitomo Life Insurance Company had total assets of about US$297 billion. The amount of annualized premiums from policies in force for individual life insurance and annuities was $26 billion. The company maintains an insurance financial strength rating (IFSR) of A1 from Moody’s, an AA- from JCR (Japan Credit Rating Agency) and A+ from Standard & Poor’s (as of March 24, 2019). The company operates as a subsidiary of Sumitomo Group, one of the largest keiretsu, founded by Masatomo Sumitomo. In 2005, Sumitomo Life established PICC Life Insurance Company in partnership with PICC Holding Company, which owns PICC Property & Casualty, the largest non-life insurer in China with a domestic market share of 38%. PICC Life operates 36 branches and over 2,000 offices in provinces, municipalities, and autonomous regions of China. The company has branches in 95% of Chinese cities nationwide. PICC Life’s premium income totaled $16 billion in 2017 (the fifth position among life insurers in China).

Head Office address:
1-4-35, Shiromi, Chuo-ku
Osaka 540-8512, Japan
Phone: 81 6 6937 1435
Website: www.sumitomolife.co.jp

Tokyo Head Office:
7-18-24, Tsukiji, Chuo-ku
Tokyo 104-8430, Japan

New York Representative Office
1350 Avenue of the Americas, Suite 1140
New York, NY 10019
United States

London Representative Office
5th Floor, Salisbury House
London Wall, London EC2M 5QQ
United Kingdom

Beijing Representative Office
719, 7/F Beijing Fortune Building
No.5 Dong San Huan Bei Lu
Chao Yang District
Beijing, 100004, China