Under A.M.Best’s microscope Nippon Life shows its strengths

Insurance company ratings concern A.M.Best has affirmed Nippon Life’s financial strength and ‘long-term issuer’ credit ratings at A+ (superior) and aa- respectively.

In the firm’s view, the balance sheet of Japan’s largest privately owned life co is supported by a risk-adjusted capitalization that is “the strongest possible” and a “conservative investment portfolio”.

Beyond noting that the company keeps a modest gap between asset and liability durations, A.M.Best’s press release does not comment on the details of Nippon Life’s holdings but there is no reason to suppose that these are substantially different from those of other members of the Life Assurance Association of Japan net of Japan Post’s portfolio (q.v. archive 13 September 1017 Life cos’ allocations steady, Post supposedly set for change).

© 2018 Japan Pensions Industry Database/Jo McBride. Reporting on, and analysis of, the secretive business of Japanese institutional investment takes big commitments of money and time. This blog is one of the products of such commitment. It may nonetheless be reproduced or used as a source without charge so long as (but only so long as) the use is credited to www.ijapicap.com and a link provided to the original text on that site.

This blog would not exist without the help and humour of Diane Stormont, 1959-2012



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