The insurer posted positive earnings in spite of losses from Typhoon Yagi in 2024, and underwriting margins have shown a recovery in the first nine months of 2025.
The firm's new business profit also rose 12% to US$1.96bn for the first 9 months of 2025, driven by a 6% increase in annual premium equivalent and a stronger profit margin.
S&P raised Income Insurance’s stand-alone credit profile to ‘a+’ and maintained its stable outlook, citing improved capital clarity and continued government support expectations.
