Kyobo Life Insurance Achieves Highest Insurance Payment Ability Rating 'AAA' for 14 Consecutive Years

Differentiation in Profitability and Capital Adequacy Based on 'Excellent Profit-Generating Ability'
'Active Asset Management and Stable Insurance Operations Focused on Protection' Praised

Kyobo Life Insurance Gwanghwamun Headquarters

[Asia Economy Reporter Oh Hyung-gil] Kyobo Life Insurance's long-term insurance payment capability has been evaluated at the highest level. It is assessed to possess differentiated profitability and capital adequacy based on excellent profit-generating ability.

Kyobo Life Insurance announced on the 24th that it received the highest rating of AAA for insurance payment capability evaluation (IFSR) from Korea's three major credit rating agencies (NICE Credit Rating, Korea Ratings, and Korea Investors Service). In particular, it has maintained the highest rating from NICE Credit Rating for 14 consecutive years.

The 'AAA rating' signifies that the long-term insurance payment capability is at the highest level and is stable enough not to be affected by adverse environmental conditions.

The three major rating agencies analyzed that Kyobo Life Insurance demonstrates excellent profit-generating ability, which has become an important factor differentiating its profitability and capital adequacy. They explained that both asset management and insurance operations are conducted stably.

Kyobo Life Insurance's return on managed assets has exceeded the industry average for several years. It has proactively responded to capital regulations by implementing active asset management strategies such as bond reclassification, which has led to improvements in profitability and capital adequacy.

The major rating agencies evaluated the outlook as stable, stating, "They are actively adjusting the asset portfolio by expanding foreign currency securities and income securities, striving to defend the return on managed assets under low interest rates."

Kyobo Life Insurance also received favorable evaluations in insurance operations due to its excellent brand awareness, competitiveness in the protection insurance sector, and stable sales channels. The high proportion of protection insurance increases the stability of premium income, and it holds a balanced insurance portfolio.

Furthermore, through continuous acquisition of new contracts, the burden factors related to high-interest fixed products are gradually easing. The rating agencies analyzed, "Considering stable profit-generating ability, it possesses very excellent capital buffers despite capital regulations," and "Even if short-term profitability declines, it is expected to maintain sound capital adequacy."

A Kyobo Life Insurance official said, "Our management philosophy centered on customer protection, proactive asset management, and thorough risk management have led to this favorable evaluation," adding, "We will continue to do our best to achieve good results in the future."

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