Research Update: Shin Kong Life Outlook Revised To Stable From Negative After Insurance Criteria Change; 'BBB' Ratings Affirmed May 13
- Language: English
- Published: May 2013
Strong business franchise and market position Moderate operating performance Satisfactory investment profile Adequate capitalization Challenges to generate profitable new business amid strong competition Potential resource support for other group members The ratings on Shin Kong Life Insurance Co. Ltd. (Shin Kong Life) reflect the company's strong business franchise and market position, moderate operating performance, satisfactory investment profile, and adequate capitalization. These positive factors are tempered by the challenges it faces to generate profitable new business amid strong competition. As the core subsidiary of Shin Kong Financial Holding Co. Ltd. (Shin Kong FHC; BBB/Stable/A-3), Shin Kong Life may be required on a regular basis, or in exceptional circumstances, to provide surplus resources to other group members. Shin Kong Life has a...
Companies mentioned in this report are: Shin Kong Life Insurance Co. Ltd.,Taiwan Shin Kong Commercial Bank,Shin Kong Financial Holding Co. Ltd.
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Research Type: Full Analysis
Shin Kong Life Insurance Co. Ltd.,Taiwan Shin Kong Commercial Bank,Shin Kong Financial Holding Co. Ltd.