Nippon Life Insurance recorded a ¥70 billion impairment loss for the year ended March 31 amid the bond market decline.
Nippon Life Insurance, Japan's largest life insurer, booked an impairment loss of ¥70 billion ($440 million).
This is the company's first such loss during the current bond rout.
The write-down applies to the fiscal year that ended on March 31.
Honda Motor has posted its first annual loss since 1957, recording 423 billion yen or $2.68 billion for the financial year that ended in March. The company confirmed the figures on May 14, attributing the shortfall mainly to heavy spending on electric vehicles.
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Osaka-based Sumitomo Life plans to invest $1.9 billion in private credit. The insurer has been gradually increasing its private credit holdings.
Japan's Nikkei share average briefly topped 60,000 on Thursday before profit-taking reversed the gains, closing 0.75% lower at 59,140.23 after hitting a record high of 60,013.98. Geopolitical uncertainties in the Middle East weighed on sentiment amid rising oil prices. U.S. President Donald Trump's announcement extending the ceasefire with Iran supported early rises, though Iranian officials rejected any agreement.
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Advances from Federal Home Loan Banks to US insurance companies climbed 10.4% to $177.85 billion as of December 31, 2025, according to the FHLBanks Office of Finance. This figure marks a new all-time period-end high and the second straight year of double-digit growth. Insurers broadened their participation in the system amid flourishing spread investing.