HONG KONG, Aug 3 (Bernama-BUSINESS WIRE) -- A.M. Best has affirmed the financial strength rating of A (Excellent) and the issuer credit rating of “a+” of Dongbu Insurance Co., Ltd. (Dongbu) (South Korea). The outlook for both ratings remains stable.
The ratings reflect Dongbu’s robust risk-adjusted capitalization, long-term track record of strong operating performance and sound market profile. Dongbu’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), improved in fiscal year 2014 and remained strong and supportive of the current ratings. The improvement was driven by the growth in the company’s capital and surplus, which increased in tandem with the growth in retained earnings.
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