SOUTH KOREA’S KB INSURANCE RATINGS AFFIRMED EXCELLENT - AM BEST
KUALA LUMPUR, Oct 30 (Bernama) -- Global credit rating agency, AM Best has affirmed South Korea’s KB Insurance Co Ltd (KBI) financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent), with a stable outlook. These credit ratings (ratings) reflect KBI’s strong balance sheet, adequate operating performance, neutral business profile and appropriate enterprise risk management, as well as support from its parent, KB Financial Group Inc (KB Group), AM Best said in a statement. KBI’s risk-adjusted capitalisation is assessed at the strongest level, as measured by Best’s Capital Adequacy Ratio, while its local solvency ratio is largely in line with the industry average and demonstrates an adequate buffer above the minimum regulatory requirements. AM Best calculated KBI’s adjusted financial leverage at 8.2 per cent as of June 2026 and said the company has good access to capital markets and a conservative investment strategy. KBI’s return on equity and com...