Summary: Meiji Yasuda Life Insurance Co. Jan 12

Standard & Poors, January 2012

Abstract
The ratings on Meiji Yasuda Life Insurance Co. (Meiji Yasuda Life; A/Stable/A-1) reflect the company's strong competitive position as one of Japan's largest life insurers, good-quality investments, good asset-liability management, and adequate capitalization. Weaknesses include the company's large exposure to stocks and concentration risk toward Japanese banks. Standard & Poor's Ratings Services holds the view that Meiji Yasuda Life has a strong competitive position with a leading position in Japan's group life insurance market and good business growth in the individual life insurance and annuities market. At the end of March 2011, the company had a market share of 28.5% in the group life insurance segment in terms of business-in force. Its leading position in the group life market is...

Companies mentioned in this report are: Meiji Yasuda Life Insurance Co.
Action: Review

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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.

Meiji Yasuda Life Insurance Co.

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