Research Update: MS&AD Insurance Group 'A+' Ratings Affirmed Following Revised Capital Model Criteria; Outlook Remains Stable

On Nov. 15, 2023, we published our revised criteria for analyzing insurers' risk-based capital (see "Insurer Risk-Based Capital Adequacy--Methodology And Assumptions"). Based on our new criteria, we continue to assess MS&AD Insurance group's capital and earnings as strong. We affirmed our 'A+' long-term issuer credit and financial strength ratings on MS&AD Insurance group's core operating companies. The outlook is stable, reflecting our view that the group is likely to maintain a solid business position and solid capital. On April 19, 2024, S&P Global Ratings affirmed its 'A+' long-term issuer credit and financial strength ratings on MS&AD Insurance group's core operating companies. We also affirmed our 'A-1' short term issuer ratings on Mitsui Sumitomo Insurance (MSI) and Aioi Nissay Dowa Insurance

...- On Nov. 15, 2023, we published our revised criteria for analyzing insurers' risk-based capital (see "Insurer Risk-Based Capital Adequacy--Methodology And Assumptions"). - Based on our new criteria, we continue to assess MS&AD Insurance group's capital and earnings as strong. - We affirmed our 'A+' long-term issuer credit and financial strength ratings on MS&AD Insurance group's core operating companies. - The outlook is stable, reflecting our view that the group is likely to maintain a solid business position and solid capital....

Research Update