Korean Re Earns First-Ever 'A1 (Stable)' International Credit Rating from Moody's

Korean Reinsurance announced on May 19, 2025, that it has been newly assigned an insurance financial strength rating of 'A1' with a 'Stable' outlook by Moody's Ratings, one of the world's top three credit rating agencies.

Moody's stated, "Korean Re has established a solid position in the global reinsurance market based on its more than 60 years of experience," adding, "We determined the rating by reflecting the company's strong market presence, robust capital adequacy, and financial resilience."

In addition, Moody's positively evaluated several factors: Korean Re's ability to maintain a strong risk profile through portfolio adjustments; its leading position in the domestic market and stable growth potential in overseas business; and its effective reduction of catastrophe net loss levels relative to its capital base, thanks to a comprehensive retrocession program.

The 'A1 (Stable)' rating is equivalent to the credit ratings of many of the world's top 10 reinsurance companies. According to S&P's standards, it corresponds to an 'A+' rating. In addition to this first credit rating from Moody's, Korean Re has also maintained strong credit ratings of 'A (Positive)' from S&P and 'A (Stable)' from A.M. Best.

Won Jongkyu, CEO of Korean Re, stated, "Receiving our first rating of 'A1 (Stable)' from Moody's is an objective recognition of our risk management capabilities and global competitiveness," adding, "We will continue to strengthen both profitability and soundness in a balanced manner as we strive to become a global top-tier reinsurance company."

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