A.M. Best Affirms Credit Ratings of Fubon Insurance Co., Ltd.
The ratings reflect Fubon Insurance’s balance sheet strength, which
The company has delivered a track record of stable operating profitability, mainly underpinned by favorable investment earnings and profitable results from its domestic underwriting portfolio, although partially offset by operating losses from its
Offsetting rating factors include higher volatility in domestic and overseas investment markets, the company’s exposure to unhedged foreign currency risk, as well as execution risk in improving the operating profitability of its overseas operations. Moreover, the company’s underwriting portfolio is concentrated in catastrophe-prone geographies.
Positive rating actions could occur if the company demonstrates a sustainable improvement in its operating performance while maintaining a robust risk-adjusted capitalization. Negative rating actions could occur if there are material capital or dividend payouts that lead to a substantial decline in its risk-adjusted capitalization.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
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