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Pacific Guardian Life Insurance Co. Ltd. Sep 11
Standard & Poors, September 2011
Market leadership in core market Very strong capital adequacy Strong operating performance Core market concentration in Hawaii Competitive pricing environment Standard & Poor's Ratings Services' insurer financial strength rating on Pacific Guardian Life Insurance Co. Ltd. (PGL) reflects the company's market leadership in group temporary disability insurance (TDI) and group term life insurance in its core Hawaii market, strong and stable operating performance, and very strong capital adequacy. Offsetting factors include its strong reliance on three product lines largely in one state, price competition, and weak growth within its individual insurance business. Our rating on PGL also reflects its strategic importance to its parent, Tokyo-based Meiji Yasuda Life Insurance Co. (A/Stable/--). PGL's market leadership in group TDI and group term...
Companies mentioned in this report are: Pacific Guardian Life Insurance Co. Ltd.,Meiji Yasuda Life Insurance Co.
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
Pacific Guardian Life Insurance Co. Ltd.,Meiji Yasuda Life Insurance Co.