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.
Ratings agency cited uncertainty over planned capital injections and ongoing regulatory changes as key factors in its latest review of the Indonesian insurer.
The ratings agency affirmed the insurer's A- (Excellent) Financial Strength Rating and “a-” (Excellent) Long-Term Issuer Credit Rating, with a stable outlook.
