明治安田生命保险相互会社

Meiji Yasuda Life Insurance Company was founded in 1881 and is headquartered in Chiyoda-ku, Tokyo. It is a private mutual insurer owned by policyholders, with no stock-exchange listing and no reported share price or market cap. The fact pack lists 47,692 employees, Life & Services industry, and JPY reporting; the FX reference is 1 USD = 152.30 JPY as of 2026-10.

Industry Position

Meiji Yasuda Life is a private mutual insurer, so policyholders own the company rather than public shareholders. The fact pack shows no stock listing, share price, or market cap. Its disclosed profile is a Tokyo-headquartered Life & Services company founded in 1881, with 47,692 employees and JPY reporting.

Revenue was US$38.08 billion in 2020, US$34.64 billion in 2021, US$40.79 billion in 2022, US$36.19 billion in 2023, and US$37.48 billion in 2024. Net income ranged from US$0.65 billion in 2022 to US$2.37 billion in 2020, with US$1.02 billion in 2024. Local revenue rose from JPY 4,215.1 billion in 2020 to JPY 5,621.7 billion in 2024.

Competitive Advantages

The mutual structure means policyholders own the company, and the absence of a stock listing removes share-price and market-cap benchmarks. The brand set combines Meiji Yasuda Life with StanCorp Financial Group (The Standard), Pacific Guardian Life Insurance, Banner Life Insurance, and Meiji Yasuda Asset Management.

Net income was US$1.01 billion in 2023 and US$1.02 billion in 2024, after US$0.65 billion in 2022. Local revenue increased from JPY 5,416.6 billion in 2022 to JPY 5,479.2 billion in 2023 and JPY 5,621.7 billion in 2024. Reported assets rose from 45,764.4 in 2020 to 53,720.7 in 2024 on the fact pack's reported basis.

Strategic Expansion

The listed portfolio points to a multi-entity structure: StanCorp Financial Group is identified with The Standard, while Pacific Guardian Life Insurance and Banner Life Insurance sit alongside the core Meiji Yasuda Life brand. Meiji Yasuda Asset Management adds an asset-management line. The fact pack does not disclose acquisition dates or ownership percentages for these brands.

Because the company is a private mutual insurer, strategic expansion is not tracked through share price or market cap; both are reported as dashes. USD revenue and JPY local revenue create a dual reporting lens, with the fact pack's FX reference at 1 USD = 152.30 JPY as of 2026-10. The 2024 local revenue of JPY 5,621.7 billion was the highest in the 2020-2024 local series shown.

Risks & Outlook

Revenue volatility is visible: US$38.08 billion in 2020, US$34.64 billion in 2021, US$40.79 billion in 2022, US$36.19 billion in 2023, and US$37.48 billion in 2024. Net income was strongest in 2020 at US$2.37 billion and weakest in 2022 at US$0.65 billion, then near US$1.0 billion in 2023-2024. The 2025 row contains null revenue, null net income, and no local revenue.

The mutual structure removes stock-market listing risk but also means no share price or market cap benchmark. Currency translation matters because revenue is in USD while local revenue is in JPY, with the fact pack's reference rate of 1 USD = 152.30 JPY as of 2026-10. The absence of 2025 financials limits trend visibility beyond 2024.

Across 2020-2024, the company shows 47,692 employees, a multi-brand insurance and asset-management portfolio, and net income near US$1.0 billion in the latest two years, while revenue remains below the 2022 peak. On the fact pack's disclosed metrics, VerityRank Score of 81/100.