The Dai-ichi Life Insurance Co. Ltd. Feb 13
Standard & Poors, February 2013
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
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Research Type: Full Analysis
- The Dai-ichi Life Insurance Co. Ltd.
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