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The Dai-ichi Life Insurance Company, is the third-largest life insurer in Japan by revenue, behind Japan Post Insurance and Nippon Life. Founded on September 15, 1902, Dai-Ichi was the oldest mutual insurance company in Japan until a motion to demutualize passed in 2009 and, on April 1, 2010, it listed on the Tokyo Stock Exchange, raising 1.01 trillion yen. As of March 2013, it had the most assets of any listed company in Japan with a total of 33 trillion yen on its stand-alone balance sheet, more than twice the total assets of #2-ranked Tokyo Electric Power Company.