Insurer's net loss of HK$31m (US$3.96m) in 2025 comes after a profit in 2024, and a recent shift in business mix should help reduce loss exposure, says the ratings agency.
The insurer had refined its underwriting strategy to improve profitability while expanding its accident and health and commercial liability businesses, according to the ratings agency.
The agency had also affirmed the insurer’s A+ financial strength rating for its key life/health subsidiaries, alongside affirming the parent’s “a-” issuer credit rating.
The ratings agency has affirmed the South Korean insurer's IFS rating at “A+” and IDR at “A”, with subordinated debt at “A-”, all with a stable outlook.
The insurer's combined ratio is expected to fall this year from 101.4% in 2025 as a result of ongoing regulatory constraints on commissions and efficiency measures.
