S&P affirms Dai-ichi Life A+ ratings, outlook stable

S&P affirms Dai-ichi Life A+ ratings, outlook stable

S&P Affirms Dai-ichi Life’s ‘A+’ Ratings, Outlook Stable
February 24, 2026

S&P Global Ratings has affirmed its ‘A+’ long-term issuer credit rating for Dai-ichi Life Insurance Company, Limited, with a stable outlook, following a routine review of the insurer's credit profile. The rating reflects the company's strong market position, operational resilience, and alignment with its parent's credit strength.

The affirmation indicates that S&P sees no material changes to Dai-ichi Life's financial stability or risk management framework since its last evaluation. The stable outlook underscores the rating agency's expectation that the insurer will maintain its current credit trajectory, despite broader macroeconomic and industry-specific challenges.

Dai-ichi Life, a leading Japanese life insurer, operates within a highly competitive market and faces pressures from low interest rates and evolving regulatory requirements. However, S&P noted the company's robust capitalization, diversified business model, and disciplined underwriting practices as key factors supporting its credit profile.

The rating action follows a comprehensive assessment of the insurer's liquidity, solvency, and governance structure. While specific details of the review were not disclosed, the outcome aligns with S&P's methodology for evaluating insurers, which emphasizes financial flexibility and long-term sustainability.

Investors and analysts will likely monitor Dai-ichi Life's performance in navigating interest rate volatility and demographic shifts in Japan's insurance market. For now, the 'A+' rating signals confidence in the company's ability to meet obligations and sustain operations without immediate downgrades.

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(https://www.spglobal.com/ratings/en/regulatory/article/230501-credit-conditions-in-europe-are-tightening-s13019955): S&P Global Ratings regulatory article, May 1, 2023.

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