Meiji Yasuda's operating performance backed by solid balance sheet – AM Best

The insurer has demonstrated a large premium revenue stream and strong base profits.

Meiji Yasuda Life Insurance’s solid in-force business is projected to sustain its operating performance in the long run, according to AM Best.

The affirmation is based on Meiji Yasuda's strongest balance sheet strength, strong operating performance, favourable business profile, and appropriate enterprise risk management. 

The company has robust absolute capital, conservative financial leverage, and sophisticated risk evaluation indicators. Meiji Yasuda has demonstrated stable and resilient operating performance, with a large premium revenue stream and strong base profits. 

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The company is one of Japan’s leading life insurance firms with a solid business presence in the domestic market, maintaining efficient distribution channels and diversifying its distribution channels further, AM Best emphasised.

Whilst there could be negative rating actions if there is a material deterioration in risk-adjusted capitalization or operating performance, positive rating actions would depend on sustained improvement in balance sheet strength metrics.