NN Life Insurance Co. Ltd. Capitalization Will Be Focus Of Analysis After Policy Reserve Recalculation

TOKYO (S&P Global Ratings) Feb. 21, 2018--S&P Global Ratings today said it will analyze the impact of Japan-based insurer NN Life Insurance Co. Ltd.'s (NN Life Japan; A-/Stable/--) updated financial results when the company releases detailed revisions. The company said Feb. 15, 2018, that it is postponing the release of its financial results for the first three quarters of fiscal 2017 (April-December 2017; based on Japanese accounting standards). It says it needs more time to verify recalculations following identification of miscalculations in its policy reserve that caused it to continue to postpone the release of its fiscal first half results (April-September 2017). NN Life Japan also announced that its estimated regulatory solvency margin ratio remained above 700% as of the

...TOKYO (S&P Global Ratings) Feb. 21, 2018--S&P Global Ratings today said it will analyze the impact of Japan-based insurer NN Life Insurance Co. Ltd.'s (NN Life Japan; A-/Stable/--) updated financial results when the company releases detailed revisions. The company said Feb. 15, 2018, that it is postponing the release of its financial results for the first three quarters of fiscal 2017 (April-December 2017; based on Japanese accounting standards). It says it needs more time to verify recalculations following identification of miscalculations in its policy reserve that caused it to continue to postpone the release of its fiscal first half results (April-September 2017). NN Life Japan also announced that its estimated regulatory solvency margin ratio remained above 700% as of the end of December 2017 following the company's revisions to its policy reserve. We will incorporate any effect into our rating after analyzing further details when the company releases them and after examining the degree...

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