Japanese life insurer, Japan Post Insurance has partnered with global investment firm KKR to invest $2bn in a new vehicle sponsored by Global Atlantic.
Global Atlantic is a wholly-owned subsidiary of KKR and is a leading provider of retirement security and investment solutions. The Japanese life insurer will have access to Global Atlantic’s insurance, reinsurance and strategic activity, and hopes to commence operations in the first half of 2026, subject to customary regulatory approvals.
This transaction marks an additional investment by Japan Post Insurance in a vehicle sponsored by Global Atlantic and is a part of the strategic partnership that Japan Post Insurance, KKR, and Global Atlantic announced in June 2023. Both KKR and Global Atlantic’s track record of providing differentiated investment capabilities and insurance expertise to serve the international insurance market is expected to significantly advance Japan Post Insurance’s global growth strategy and further diversify its revenue sources.
Japan Post Insurance’s investment will be made over time. Japan Post Insurance expects that this investment will have minimal impact on its consolidated financial results for the fiscal year ending 31 March 2026. Japan Post Insurance will promptly make a market disclosure if it becomes clear that this investment will have an impact on its business performance.
Japan Post Insurance, director and representative executive officer, president and CEO Mr Kunio Tanigaki said that this investment is a part of our phased approach to its strategic alliance agreement with KKR and Global Atlantic, which was signed in June 2023 with the aim of expanding into new areas of collaboration. “We believe that this investment will enable Japan Post Insurance to diversify our revenue sources by capturing revenues from the robust US annuity market and reinsurance markets globally,” he said.