AM Best Assigns Credit Ratings and National Scale Rating to PT KB Insurance Indonesia [Yahoo! Finance]
KB Financial Group Inc (KB)
US:NYSE Investor Relations:
kbfg.com/eng/ir/main/ir_main.jsp
Company Research
Source: Yahoo! Finance
of "bbb+" (Good) to PT KB Insurance Indonesia (KB Indonesia) (Indonesia). The outlook assigned to these Credit Ratings (ratings) is stable. Additionally, AM Best has assigned the Indonesia National Scale Rating (NSR) of aaa.ID (Exceptional) to KB Indonesia with a stable outlook. The ratings reflect KB Indonesia's balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The ratings also recognise the wide range of support provided by KB Indonesia's parent, KB Insurance Co., Ltd. (KBI) which is fully owned by KB Financial Group Inc. (KB Group). As a joint venture between KBI (70%) and AM Sinar Mas Multifinance (30%), KB Indonesia is a small-sized non-life insurer domiciled in Indonesia. The company mainly focuses on offering coverage to Korean companies in Indonesia while having limited market presence in the local non-life segment. Following active entries of KB Grou
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KB
Sec Filings
- 8/14/24 - Form 6-K
- 8/7/24 - Form 6-K
- 8/7/24 - Form 6-K
- KB's page on the SEC website