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AXA Life Insurance Co. Jun 08
Standard & Poors, June 2008
Abstract
Core subsidiary of the AXA Group, with benefits from financial support from the group when necessary Good niche position in the market related to regional chambers of commerce and industry across Japan Strong capitalization based on conservative investments focused on asset-liability management (ALM) Intensifying competition in the Japanese life insurance market, characterized by limited growth prospects due to the aging population AXA Life Insurance Co. (AXA Life; AA/Stable/--) is one of the core units of AXA (A+/Stable/A-1; ratings on core subsidiaries are AA/Stable/--). The ratings on AXA Life reflect its proven support from the AXA Group as well as its stable business profile, favorable profitability, conservative investment policy focusing on ALM, and strong capitalization. In October 2005, AXA Life merged...
Companies mentioned in this report are: AXA Life Insurance Co. Ltd.,AXA
Action: Review
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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