...Sustained Sound Capital Metrics: Fitch Ratings regards Yingda Taihe Property Insurance Co.,Ltd's (YDPIC) capital buffer as 'Strong' and supportive of the rating. The insurer's Fitch Prism Global Model score remained at the `Extremely Strong' level at end-2025, reflecting its stable equity growth that supports business expansion and rising asset risk. We expect the financial leverage ratio, which was 11% at end-2025, to remain low through 2027. The regulatory comprehensive solvency ratio was 275% at end-1H26, unchanged from end-2025. This followed a decline in 2025 from 2024, driven mainly by higher capital requirements related to greater flood losses and increased retention of catastrophe exposure to property insurance across various regions. Robust Operating Performance: YDPIC's disciplined risk selection and continued cost efficiency provide core support for its underwriting performance. The combined ratio averaged 92% in 2023-2025 and was 93% in 2025. We expect underwriting profitability...
