HONG KONG, Jan 27 (Bernama) -- A.M. Best has affirmed the financial
strength rating of A+ (Superior) and the issuer credit rating of "aa-"
of The Dai-ichi Life Insurance Company, Limited (DL) (Japan). The
outlook for both ratings is stable.
The ratings reflect DL's robust level of risk-adjusted capitalization,
strong business profile and its favorable operating performance.
DL has a plan to establish a holding company structure in October 2016
through a corporate split and transfer its domestic life insurance
business to a new wholly owned subsidiary. The company's capitalization
is expected to remain supportive of the current ratings. In addition,
DL's financial leverage remains favorable with its strong liquidity
position. DL has achieved a diversified business portfolio by actively
managing its life operations through focusing on specific target
markets, both domestically and overseas. In addition, the acquisition of
the Protective Life Corporation in 2015 is expected to provide a
growing contribution to the group's earnings. The company's risk
management capabilities remain adequate to its wide scope of business,
with extensive use of stress tests to cope with volatility.
http://www.bernama.com/bernama/v8/newsindex.php?id=1210576
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