Shinhan Life Achieves 'AAA' Top Insurance Claim-Paying Ability Rating for 18 Consecutive Years

Shinhan Life announced on May 14 that it has received the highest rating of 'AAA·Stable' for insurance claim-paying ability from Korea Ratings for the 18th consecutive year.

Korea Ratings awarded Shinhan Life the highest grade in its insurance claim-paying ability evaluation, citing the company's excellent market position, stable profit generation based on insurance underwriting, outstanding capital adequacy, and stable asset management structure.

Korea Ratings noted that Shinhan Life has formed a product portfolio centered on protection-type insurance, achieving insurance profitability of 22.7% in 2024, which is superior to the industry average of 12.5%. Considering the insurance contract service margin (CSM) of approximately 7.2 trillion won, the agency expects this strong profitability to continue in the future.

Additionally, Korea Ratings evaluated that Shinhan Life is likely to maintain stable capital soundness over the long term, given its strong profit generation based on excellent profitability and low operational risk due to a bond-centered, stable asset management policy.

A Shinhan Life representative stated, "Despite challenging domestic and global economic conditions, we have continued company-wide innovation and maintained the industry's highest level of financial soundness and profitability for 18 consecutive years," adding, "We will continue to do our best to create value for both our customers and the company from a long-term perspective, based on our excellent financial soundness."

The exterior view of Shinhan Life headquarters building.