AM Best Assigns Excellent Credit Ratings To Tokio Marine Newa Insurance

KUALA LUMPUR, May 11 (Bernama) -- AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of “a+” (Excellent) to Taiwan’s Tokio Marine Newa Insurance Co Ltd (TMNewa), with a stable outlook.

In a statement, AM Best said the credit ratings (ratings) reflected TMNewa’s very strong balance sheet strength, adequate operating performance, neutral business profile and appropriate enterprise risk management.

The ratings also factor in the rating enhancement from its parent, Tokio Marine & Nichido Fire Insurance Co Ltd (TMNF), which is the main insurance operating entity of Tokio Marine Holdings Inc.

TMNewa, Taiwan’s fourth-largest non-life insurer with a 7.6 per cent market share in 2025, focuses primarily on motor insurance through links with Taiwan-based Yulon Group.

The global credit rating agency said TMNewa’s risk-adjusted capitalisation remained at the strongest level at end-2025, supported by retained earnings, shareholder capital injections, conservative investments and strong liquidity.

AM Best added that TMNewa returned to favourable operating performance following underwriting losses linked to pandemic-related products in 2022, with return on equity reaching 25.7 per cent in 2025.

The expense ratio benefits from the company’s sustained control over management expenses and commissions, along with the increased scale, and remains below the market average.

Going forward, TMNewa is targeting profitable growth in non-motor business lines, including fire and liability insurance for small to medium-sized enterprises, while being disciplined on large commercial risks.

-- BERNAMA