Established business franchise given its large scale and high level of controlled distribution channels. Leading player by domestic market share for major product lines. Above-average operating performance supported by stable and good investment return. Operates primarily in the Taiwan life insurance industry which has moderate risk. Projected lower-adequate capital adequacy in the coming two years. High investment leverage compared to regional peers', susceptible to global capital market volatility. Good access to sources of capital and liquidity given its established franchise and high linkage to the Fubon Financial Holding Co. Ltd. (Fubon FHC) group. Satisfactory management demonstrating good strategic planning and the ability to convert strategy into action. Adequate enterprise risk management with strong risk controls supported by established risk mechanisms
