Summary: Cathay Life Insurance Co. Ltd. - S&P Global Ratings’ Credit Research

Summary: Cathay Life Insurance Co. Ltd.

Summary: Cathay Life Insurance Co. Ltd. - S&P Global Ratings’ Credit Research
Summary: Cathay Life Insurance Co. Ltd.
Published Sep 29, 2014
1286 words — Published Sep 29, 2014
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Solid franchise in Taiwan's life insurance industry. Sustainable leading market position by total assets with well-established scale advantage and controlled distribution force. Moderate industry and country risk of Taiwan's life insurance industry. Improved capitalization following fair-value recognition on its property investment holdings with an incremental capital buffer. Large high-risk assets relative to total adjusted capital. Manageable foreign exchange risk exposures. Strong capacity to tap capital markets to support its financial flexibility. Satisfactory management underpinned by good expertise and strong strategy execution. Adequate enterprise risk management with strong controls on major risk factors. Strong liquidity profile. The stable outlook reflects our view that Cathay Life Insurance Co. Ltd. will remain the flagship core member of the Cathay Financial Holding Co. Ltd.

  
Brief Excerpt:

RESEARCH Summary: Cathay Life Insurance Co. Ltd. Publication date: 29-Sep-2014 Primary Credit Analyst: Serene Y Hsieh, CPA, FRM, Taipei (8862) 8722-5820; serene.hsieh@taiwanratings.com.tw Secondary Contact: Eunice Fan, Taipei (8862)...

  
Report Type:

Summary

Ticker
2805@TT
Issuer
Cathay Life Insurance Co. Ltd.
GICS
Life & Health Insurance (40301020)
Sector
Global Issuers, Structured Finance
Country
Taiwan
Region
Emerging Markets
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: Cathay Life Insurance Co. Ltd." Sep 29, 2014. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Cathay-Life-Insurance-Co-Ltd-1361546>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Cathay Life Insurance Co. Ltd. Sep 29, 2014. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Cathay-Life-Insurance-Co-Ltd-1361546>
  
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