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History of the Sony Financial Group

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1970s

Aug. 1979 "Sony Prudential Life Insurance Co., Ltd." (Sony Prudential Life, currently Sony Life) is established

1980s

Apr. 1981 Sony Prudential Life commences operations with the launch of Lifeplanner system
Jul. 1987 Sony Prudential Life agrees with Prudential Financial, Inc. to terminate joint venture

1990s

Apr. 1991 Sony Pruco Life Insurance Co., Ltd. (renamed from Sony Prudential Life in September 1987) changes name to "Sony Life Insurance Co., Ltd."(Sony Life)
Jun. 1998 "Sony Insurance Planning Co., Ltd." (Sony Insurance Planning, currently Sony Assurance) is established
Aug. 1998 Sony Life establishes "Sony Life Insurance (Philippines) Corporation" as a wholly owned subsidiary in the Philippines
Sep. 1999 Sony Insurance Planning changes its name to "Sony Assurance Inc." (Sony Assurance)
Sony Assurance launches sales of automobile insurance (Sales commenced over the Internet in September and telephone in October)

2000s

Apr. 2001 "Sony Bank Inc." (Sony Bank) is established
Jun. 2001 Sony Bank commences operations
Sony Bank launches the "MONEYKit" service site. Starts handling deposits, investment trusts and card loans
Sep. 2001 Sony Bank begins handling foreign-currency deposits
Mar. 2002 Sony Bank begins handling mortgage loans
Jun. 2002 Sony Assurance launches sales of “SURE” medical insurance with emphasis on cancer treatment
Apr. 2004 "Sony Financial Holdings Inc." (currently Sony Financial Group Inc.) is established as a financial holding company
Oct. 2004 Sony Assurance debuts long-term fire insurance to customers takingout mortgage loans from Sony Bank
Dec. 2004 Sony Life's Lifeplanner sales employees begin to accept mortgage loan applications as agents of Sony Bank
Jun. 2007 Sony Bank establishes "Sony Bank Securities Inc." (Sony Bank Securities) as a wholly owned subsidiary
Aug. 2007 Sony Life establishes "AEGON Sony Life Planning Co., Ltd."
Oct. 2007 Sony Financial Holdings Inc. (currently Sony Financial Group Inc.) is listed on the First Section of the Tokyo Stock Exchange
Dec. 2007 Sony Life is approued to conduct banking agency business on behalf of Sony Bank
Jan. 2009 Sony Assurance offers pet insurance through alliance with Anicom Insurance, Inc.
Aug. 2009 AEGON Sony Life Planning obtains life insurance business license from the Financial Services Agency and changes its name to "AEGON Sony Life Insurance Co., Ltd." (AEGON Sony Life Insurance)
Oct. 2009 Sony Life establishes "SA Reinsurance Ltd." (SA Reinsurance) in British Bermuda as a reinsurance company specializing in variable annuities
Dec. 2009 AEGON Sony Life Insurance commences operations. Sony Life's Lifeplanner sales employees begin selling individual variable annuities.

2010s

Feb. 2010 Sony Life establishes "LIPLA Co., Ltd.," a wholly owned subsidiary, to operate shop-style insurance agency as its directly run sales agency
May 2010 Sony Life begins sales of the products of Sony Life, Sony Assurance and Sony Bank through "LIPLA" shop-style insurance agency
Apr. 2011 Sony Financial Holdings Inc. (currently Sony Financial Group Inc.) conducts stock split and adopts share unit system
Jul. 2011 Sony Bank acquires a 57% equity interest in SmartLink Network,Inc. (currently Sony Payment Services)
Aug. 2012 Sony Bank transfers all Sony Bank Securities' shares to Monex Group, with the aim of enhancing financial products intermediary services by strengthening business alliance with Monex Group
Dec. 2012 Sony Life transfers the business of Sony LifeInsurance (Philippines) Corporation, a wholly owned subsidiary of Sony Life, to Paramount Life & General Insurance Corporation
May 2013 LIPLA transfers the life insurance operations to Tokyu Insurance Consulting Co., Ltd.
(LIPLA discontinues its operations related to the non-life insurance and banking agency businesses)
Nov. 2013 Sony Financial Holdings Inc. (currently Sony Financial Group Inc.) acquires Senior Enterprise Corporation (currently Lifecare Design) as a subsidiary and enters nursing care business
Apr. 2014 "Sony Lifecare Inc." is established as a holding company to oversee the Group’s operations in the nursing care business
Oct. 2014 Senior Enterprise Corporation changes its name to "Lifecare Design Inc."
Apr. 2015 SmartLink Network changes its name to "Sony Payment Services Inc."
Jan. 2016 Sony Bank launches Sony Bank WALLET, a cash card with Visa debit function
Apr. 2016 Lifecare Design open's Sony Lifecare Group's first nursing care home
Jul. 2016 Sony Life opens a representative office in Singapore
Oct. 2016 Sony Life invests in ClearView Wealth Limited, a life insurance company in Australia
Jan. 2017 Sony Assurance launches sales of "ZiPPi" medical insurance covering actual in patient expensess
Jun. 2017 Sony Life establishes wholly owned subsidiary “Sony Life Singapore Pte. Ltd.” in Singapore
Jul. 2017 Sony Lifecare acquires Yuuai Holdings Co., Ltd. as a subsidiary
(In Aug. 2017, Yuuai Holdings Group undertakes corporate consolidation and changes its name to “Proud Life Inc.”)
Aug. 2017 Sony Life establishes “Sony Life Financial Advisers Pte. Ltd.,” a joint venture, with Starts Securities Co., Ltd.
Aug. 2017 Sony Bank launches “Sony Bank GATE”, an investment-type crowd funding platform
Jun. 2018 Sony Assurance launches sales of overseas travel insurance
Jul. 2018 Sony Financial Holdings Inc. (currently Sony Financial Group Inc.) establishes “Sony Financial Ventures Inc.” as an investment subsidiary
Oct. 2018 Sony Assurance launches sales of internet only fire insurance
Mar. 2019 Sony Life establishes a special subsidiary, "Sony Business Partners Co., Ltd."

2020s

Jan. 2020 Sony Life converts AEGON Sony Life Insurance and SA Reinsurance into wholly owned subsidiaries
Apr. 2020 AEGON Sony Life Insurance changes its name to "Sony Life With Insurance Co.,Ltd."
Aug. 2020 Sony Financial Holdings Inc. (currently Sony Financial Group Inc.) is delisted from the First Section of the Tokyo Stock Exchange
Sep. 2020 Sony Corporation makes Sony Financial Holdings Inc. (currently Sony Financial Group Inc.) its wholly owned subsidiary
Apr. 2021 Sony Life merges with Sony Life With Insurance
Oct. 2021 Sony Financial Holdings Inc. changes its company name to Sony Financial Group Inc.