- Language: English
- 246 Pages
- Published: October 2012
- Region: Global
Shin Kong Life Insurance Co. Ltd. Aug 11
- Published: August 2011
- Standard & Poors
Strong business franchise in Taiwan's competitive life insurance market Strong liquidity with experienced asset liability management Satisfactory financial flexibility Mediocre capitalization relative to its risk profile Volatile investment performance subject to global capital market volatility Potential source of resources to support other Shin Kong group members The ratings on Shin Kong Life Insurance Co. Ltd. (BBB/Stable/--; cnA) reflect the insurer's strong business franchise and liquidity, as well as its satisfactory financial flexibility. These positive factors are tempered by the insurer's mediocre capitalization and volatile investment performance. As the core subsidiary of Shin Kong Financial Holding Co. Ltd. (Shin Kong FHC; BBB-/Stable/A-3; cnA-/cnA-2), Shin Kong Life may also be required on a regular basis, or in exceptional circumstances, to provide surplus...
Companies mentioned in this report are: Shin Kong Life Insurance Co. Ltd.,Shin Kong Financial Holding Co. Ltd.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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Shin Kong Life Insurance Co. Ltd.,Shin Kong Financial Holding Co. Ltd.