Tokyo: AM Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of 'aa-' (Superior) for Meiji Yasuda Life Insurance Company (Meiji Yasuda) based in Japan. The outlook for these Credit Ratings remains stable.
According to BERNAMA News Agency, the ratings reflect the company's balance sheet strength, which AM Best evaluates as strongest. Additionally, Meiji Yasuda has demonstrated strong operating performance and maintains a favorable business profile. The company's enterprise risk management is deemed appropriate by AM Best, contributing to the overall affirmation of its credit ratings.