This report does not constitute a rating action. Overview Key strengths Key risks Very strong financial risk profile with satisfactory investment risk profile. Smaller scale and less geographically diverse than regional peers. Diversified asset allocation with good asset quality and limited foreign exchange (forex) exposure. Small capital base, which is generally more vulnerable to a single extreme event. The insurer will likely maintain its good competitiveness in Taiwan's commercial insurance market. We anticipate Taiwan-based Chung Kuo Insurance Co. Ltd. sustaining its competitiveness in the domestic market over the next one to two years by leveraging its diversified business channels and the client base and resources of parent, Mega Financial Holding Co. Ltd. (Mega FHC) group. Capitalization remains a strength under
