Potential support from the ING group Strong capitalization backed by reinsurance support Uncertainty of business position following the halt of new sales of single premium variable annuity products Moderate profitability with low level of core insurance profit Weakening strategic importance to the group Japan-based ING Life Insurance Co. Ltd. (ING Life; A-/Negative/--) is a subsidiary of the ING Groep N.V. (A/Stable/A-1), a global financial services conglomerate with about ¥154 trillion in gross assets as of December 2009. In April 2009, as part of a global review, the ING group announced that it would be reviewing its operations in Japan. Following the group's strategic review of its life insurance business in Japan, ING Life announced its decision to halt new sales
