Kyobo Life Insurance Receives Moody’s A1 Rating, Demonstrating Solid Financial Structure

Kyobo Life Insurance announced on June 22 that it has received an A1 credit rating for Insurance Financial Strength (IFS) from global credit rating agency Moody’s.

The A1 rating signifies that Kyobo Life Insurance possesses exceptional risk management capabilities and a solid financial structure, even amid heightened external uncertainties such as the global economic downturn. Moody’s cited several key factors for assigning the A1 rating: outstanding sales capability centered on exclusive agents, stable profitability, and strong capital adequacy.

In its report, Moody’s explained, “Kyobo Life Insurance has reinforced the sales of protection-type products through its robust exclusive agent organization, maintaining stable and high profitability. The company also demonstrates solid capital adequacy based on the continued expansion of the new contract Contractual Service Margin (CSM).” Moody’s further analyzed that “with the gradual decrease in high-interest guaranteed contracts, the company’s product portfolio is improving, focusing on health protection products and long-term whole life insurance with extended premium payment periods.”

Additionally, Moody’s assessed the rating outlook as ‘Stable,’ noting that Kyobo Life Insurance is expected to maintain its stable profitability, capital adequacy, and strong market position going forward.

A representative from Kyobo Life Insurance stated, “Obtaining Moody’s A1 credit rating is external recognition of our solid financial structure and proactive risk management capabilities despite market volatility and regulatory tightening. We will continue to drive sustainable growth as a pacemaker running alongside our customers throughout their lives, generating stable profits and proactively responding to the market.”

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