Nissay positioned for stability with strong capital and operating profits – AM Best

AM Best also expects Nissay’s 2023 performance to recover.

Nippon Life Insurance (Nissay) is expected to have a steady in-force business performance in the long term to boost core operating profit, AM Best said.

Nissay's risk-adjusted capitalisation is assessed at the strongest level, supported by a large amount of absolute capital and low financial leverage. The company's sophisticated capital model allows for the timely evaluation of risk-taking activities.

Despite exposure to moderate equity risk, Nissay's available capital and access to debt markets are considered sufficient to withstand such risk.

ALSO READ: Nippon Life acquired a nursing care group: Report

Nissay has demonstrated strong and stable operating performance, achieving robust premium revenue and core operating profits.

Whilst the COVID-19 pandemic and volatile capital markets negatively impacted the fiscal year 2022, a recovery is expected in the fiscal year 2023.

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Nippon Life Insurance Company

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