Beijing: Global credit rating agency, AM Best has affirmed the financial strength rating of A- (Excellent) and the long-term issuer credit rating of 'a-' (Excellent) of KBFG Insurance (China) Co Ltd (KBFG China) with a stable outlook.

According to BERNAMA News Agency, these credit ratings reflect KBFG China's very strong balance sheet strength, adequate operating performance, neutral business profile, and appropriate enterprise risk management. The ratings also consider the extensive support from its parent company, KB Insurance Co Ltd, including underwriting and pricing, business development, reinsurance, and risk management.

KBFG China's balance sheet strength is supported by risk-adjusted capitalisation at the strongest level, as measured by Best's Capital Adequacy Ratio. The company's consolidated capital and surplus have seen an increase, bolstered by positive operating performance with full profit retention.

The company's statutory core solvency ratio rose to 671 per cent at the end of 2025, up from 501 per cent in 2024, following the settlement of sizeable reinsurance recoverables. KBFG China has reported operating profits for the past five years (2021 to 2025), though its top-line performance declined for the third consecutive year in 2025 due to reduced client exposures and rate reductions amid favorable loss experience.

Despite this, underwriting profitability has remained stable, supported by low acquisition costs and positive reinsurance commission income. As a foreign-owned insurer focused on serving Korean businesses overseas, KBFG China maintains a niche competitive position, although its share of China's non-life insurance market remains below one per cent.