Outstanding domestic business franchise Leading market position in Taiwan's life insurance industry Strong liquidity Strong financial flexibility The sensitivity of its capitalization to the external investment environment Difficulties to enhance its profitability under a low interest rate environment The potential need to offer resource support for other Cathay group members The ratings on Cathay Life Insurance Co. Ltd. reflect the insurer's outstanding market position in the domestic life insurance market, as well as the company's strong liquidity and financial flexibility. Counterbalancing factors include the sensitivity of its capitalization to the external investment environment and the difficulties Cathay Life faces in enhancing its profitability amid the current low interest rate environment. In addition, as the flagship entity of the Cathay Financial
