Orange Life, Highest Insurance Payment Ability Rating for 2 Consecutive Years

[Asia Economy Reporter Oh Hyung-gil] Orange Life announced on the 23rd that it has received the highest insurance payment capability rating of 'AAA' from NICE Credit Rating for two consecutive years.

Orange Life was highly evaluated for having a stable business foundation, including brand awareness and advanced product development capabilities, and for establishing a profit structure centered on protection insurance through its own face-to-face channels.

It was also explained that the insurance sales division's profit-generating ability is very excellent, and that it maintains superior profitability over a long period despite market fluctuations through a balanced profit structure by each segment and stable asset management.

Orange Life was incorporated as a wholly owned subsidiary of Shinhan Financial Group earlier this year, significantly increasing the strategic importance of insurance business within the group, and it was positively assessed that support can be received from affiliates in case of emergency.

NICE Credit Rating stated, "Based on a long-term surplus trend, excellent insurance portfolio structure, and appropriate capital management capability, Orange Life is expected to maintain industry-leading financial stability in the future."

This content was produced with the assistance of AI translation services.