AM Best confirms Central Re's rating

AM Best has confirmed Central Re's “A” financial strength and “a” long-term credit ratings. The outlook remains stable.

The rating reflects the Taiwanese reinsurer's strong balance sheet, adequate operating performance, favorable business profile and appropriate enterprise risk management.

In 2023, Central Re recorded a net profit of 2.1 billion TWD (68.2 million USD). The average return on equity (ROE) over the 2019-2023 period amounted to 7%.

The rating agency's decision was also based on the company's diversified investment portfolio. AM Best expects the reinsurer to maintain a prudent strategy, focusing primarily on fixed-income and low-risk investments.