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The Dai-ichi Life Insurance Co. Ltd. Feb 13 Product Image

The Dai-ichi Life Insurance Co. Ltd. Feb 13

  • ID: 2417637
  • February 2013
  • Standard & Poors

Abstract
Strong business base as one of the largest Japan-based life insurers Ample and stable mortality and morbidity gains, underpinned by improvements in surrender/lapse ratio and persistency rate, as well as third-sector insurance sales Very high financial flexibility Capitalization, which we view as a weakness for the ratings, despite a strong base Large negative spreads weighing on profitability Our ratings on The Dai-ichi Life Insurance Co. Ltd. (A/Stable/--) reflect the company's strong competitive position as one of Japan's largest life insurers, ample mortality and morbidity gains, and very high financial flexibility. These strengths are partly offset by its capitalization, which we view as a weakness for the ratings despite a strong base, as well as relatively large negative spreads that are...

Companies mentioned in this report are:
- The Dai-ichi Life Insurance Co. Ltd.

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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- The Dai-ichi Life Insurance Co. Ltd.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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