Strategically important subsidiary of the ING Group Very strong capitalization and stable earnings Strong position in the small and midsize enterprise (SME) market, with strengths in increasing-term life insurance products Investment portfolio comprised of sound assets Delayed profit realization from variable annuity products Ratings and outlook are capped by those on core insurance entities within the ING Group Japan-based ING Life Insurance Co. Ltd. is a key subsidiary of the ING Group, a global financial services conglomerate. Japan is considered one of the most important insurance markets for the group, particularly given its market potential for asset accumulation-type products. ING Life has developed competitive niche positions, pushing increasing-term insurance in the SME market and single-premium variable annuity (SPVA) products in
