This report does not constitute a rating action. What ' s new: Chung Kuo Insurance Co. Ltd. reported net income of new Taiwan dollar (NT$) 761 million in 2025, with a return on equity of 7.6%, up from 5.8% in 2024. The insurer's satisfactory underwriting performance during the year without major loss events supported this improvement. In addition, Chung Kuo Insurance's net combined ratio was 87.7% in 2025, which is better than our forecast of 91.5%. The combined ratio is a measure of profitability with a number below 100% reflecting underwriting profit. Why it matters: We forecast Chung Kuo Insurance's earnings performance will be about average for the insurer over the next one to two years, underpinned by adequate underwriting
