共栄火災海上保険
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This entry sits under non-life-insurers INDEX. Read it against SOMPO Holdings (Sompo Holdings) for peer / contrast context and banking index for the broader system / regulatory boundary.
TL;DR
A mid-sized non-life insurance company with JA Kyosairen as its largest shareholder (74.20%). Founded in the 1942-07-01 wartime consolidation (Daito Marine + Daifuku Marine), it converted to a mutual company in 1946 年, which was rare in the non-life industry, and converted to a stock company in 2003-04 . It does not belong to the 3 major non-life insurers (tokio-marine / msad / sompo), taking an independent route in the cooperative / cooperative-organization lineage. It holds a relatively strong share in Hokkaido, Tohoku, Hokuriku, and Kyushu, positioned to complement areas that JA Kyosai cannot handle (automobile, fire, etc.). From 2025-04 , it started a new medium-term plan, “SHIFT — Toward Sustainable Growth —.”
1. Company profile
Legal name: The Kyoei Fire & Marine Insurance Company, Limited English name: The Kyoei Fire and Marine Insurance Company, Limited Established: 1942-07-01 (merger of Daito Marine + Daifuku Marine) Headquarters: Shimbashi 1-18-6, Minato-ku, Tokyo (〒105-8604) Capital: 525 億円 (as of 2023-03-31) Employees: 2,809 名 (as of 2023-03-31) Listing category: Unlisted (the cooperative / cooperative-organization lineage are shareholders)
2023-03 period results (the 82 term)
| Item | Amount |
|---|---|
| Ordinary revenue | 2,105 億 1,700 万円 |
| Ordinary profit | 10 億 6,700 万円 |
| Net income | 6 億 5,300 万円 |
| Total assets | 5,656 億 0,600 万円 |
Major shareholders (as of 2023-03-31)
| Shareholder | Ratio |
|---|---|
| National Mutual Insurance Federation of Agricultural Cooperatives (JA Kyosairen) | 74.20% |
| Norinchukin Bank | 6.63% |
| Shinkin Central Bank | 6.08% |
| Other cooperative-system organizations / business partners | Remainder |
Note: While the original brief listed “Mitsui Sumitomo Insurance, approximately 14%” as a major shareholder, the entry of an MS&AD-affiliated shareholder cannot be confirmed in public information (Wikipedia “共栄火災海上保険” shareholder composition). The largest shareholder is JA Kyosairen 74.20%, followed by Norinchukin Bank 6.63% and Shinkin Central Bank 6.08%, all of which are cooperative-organization-system. It once decided in 2001 年 to join the Millea Insurance Group (the predecessor of the current tokio-marine HD), but it withdrew in 2002-08 and chose stock-company conversion with JA Kyosairen as the largest shareholder, so the current structure is completed within the JA Kyosairen / cooperative-organization lineage.
Key chronology
| Year/Month | Event |
|---|---|
| 1939 onward | The Industrial Cooperatives Central Association considered the acquisition / consolidation of fire insurance companies |
| 1942-07-01 | Founded by the merger of Daito Marine + Daifuku Marine |
| 1945 | The Cooperative Party headquarters was established inside the company’s premises |
| 1946 | Reorganized into a mutual company, which was rare for a non-life insurance company |
| 1952 | Number of agencies exceeded 10 万 |
| 1963 | Began selling vertical-type insurance |
| 1971 | Share of 4.7% (a record high after the establishment of the all-kyosai system) |
| 1996 | Established Kyoei Fire Shinrai Life Insurance (a life-insurance subsidiary) |
| 2001 | Decided to join the Millea Insurance Group (Tokio Marine lineage) |
| 2002-08 | Decided on stock-company conversion with JA Kyosairen as the largest shareholder → withdrew from Millea |
| 2003-04 | Converted from a mutual company to a stock company (non-life mutual companies disappeared in Japan) |
| 2006 | Transferred its holding of Kyoei Fire Shinrai Life shares 80% to Fukoku Life |
| 2008-02-01 | The former subsidiary “Kyoei Fire Shinrai Life” was renamed “Fukoku Shinrai Life Insurance” |
| 2022～2024 | Medium-term plan “GO TO THE NEXT STAGE — Toward a Company Chosen More by Customers —“ |
| 2025-04 | The new medium-term plan “SHIFT — Toward Sustainable Growth —” started |
2. Business segment map
| Segment | Main products | Characteristics |
|---|---|---|
| Automobile insurance | Voluntary insurance / compulsory automobile liability insurance | Mainstay. Via dealer / repair-shop agencies |
| Fire insurance | Residential fire / earthquake insurance | JA Kyosai complementary area |
| Accident insurance | Leisure / sports / traffic accident | - |
| Marine insurance | Cargo / vessels | Founding area |
| Liability insurance | Personal / corporate PL / facility liability | - |
| New types / others | Movables comprehensive / profit insurance, etc. | - |
| JA-linked products | Non-life complement for areas JA Kyosai cannot handle | A unique channel for agricultural-cooperative customers |
Sales channels
- Cooperative / cooperative-organization-system agencies (JA, shinkin, fishery cooperatives, etc.)
- Corporate / dealer / repair-shop agencies
- Kyoei Pro Club (a professional-agency network)
- Direct-sales employees
Regional characteristics
The enrollment share is relatively high in Hokkaido, Tohoku, Hokuriku, and Kyushu. This coincides with regions where the agricultural-cooperative base is strong, and the structure with JA Kyosairen as the largest shareholder is reflected in the sales network.
GO TO THE NEXT STAGE (FY2022～2024 年)
- “Toward a Company Chosen More by Customers”
- FY2024 年 was the final year
SHIFT — Toward Sustainable Growth — (FY2025～) ★
- “SHIFT” = not merely change, but shifting the center of gravity while adapting to environmental change
- Priority themes:
- Strengthening relationships of trust with cooperatives / cooperative-organization bodies and closely allied companies / dealers / repair shops
- Strengthening the Kyoei Pro Club / direct-sales-employee channels
- Establishing a business structure that can sustainably realize growth investments such as investment in human resources / system investment
- Building an organization to survive an era of high uncertainty
Competition / positioning
| Category | Competitors |
|---|---|
| 3 major non-life insurers | tokio-marine · msad · sompo |
| Mid-sized specialized non-life insurers | Daido Fire & Marine, Secom General Insurance, foreign affiliates such as Newindia / Cardif |
| Kyosai-system | JA Kyosai (parent-company lineage), Kokumin Kyosai coop, prefectural citizens’ kyosai |
| Digital non-life insurers | Rakuten General Insurance, SBI Insurance, AXA Direct, etc. |
4. Regulation / policy
- Jurisdiction: FSA
- Industry body: General Insurance Association of Japan
- Regulation: Insurance Business Act, supervisory guidelines for non-life insurance companies
- Recent policy topics:
- Automobile insurance rates (rising loss ratios → a rate-increase phase)
- Natural disasters (typhoons, torrential rain, earthquakes) and reinsurance costs
- Discussion of the cooperative-finance system of the JA Kyosairen lineage
- The spillover to mid-sized non-life insurers of the non-life industry cartel problem (2023～2024 majors 4 社)
Related
- tokio-marine · msad · sompo — the 3 major non-life insurers
- axa-japan — foreign-affiliated non-life insurer
- kampo-life — the periphery of cooperative-organization-system finance
- Parent-company lineage: JA Kyosairen, Norinchukin Bank, Shinkin Central Bank
Sources
- Wikipedia: 共栄火災海上保険（https://ja.wikipedia.org/wiki/共栄火災海上保険, 2026-05-19 extracted）
- Kyoei Fire new-graduate recruitment site, Vision (kyoeikasai.co.jp/recruit/about/vision.html, 2026-05-19 extracted)
- Nikkan Kogyo Shimbun, “Kyoei Fire & Marine Insurance strengthens management strength with a new medium-term plan” (2026-05-19 extracted)
- Kyoei Fire “JA Group Kyoei Fire” pamphlet (kyoeikasai.co.jp/about/know/pdf/ja.pdf)
[!info] 検証状況 confidence: likely (v1.0 Wikipedia + official recruitment site + industry-paper cross-check 2026-05-19). The main figures (ordinary revenue 2,105 億 / net income 6.5 億 / total assets 5,656 億 / JA Kyosairen 74.20% / capital 525 億) are based on public information as of 2023-03-31. The “Mitsui Sumitomo Insurance, approximately 14%” stated in the original brief cannot be confirmed in public information and is marked ambiguous. The latest figures should be checked against the company’s “current status 2025” disclosure publication.