KUALA LUMPUR, Oct 19 (Bernama) -- Global credit rating agency, AM Best has affirmed the financial strength rating of A (Excellent) and the long-term issuer credit rating of “a” (Excellent) of China Taiping Insurance (Singapore) Pte Ltd (CTPIS), with a stable outlook.
Business : AM Best Affirms China Taiping Singaporeâs Excellent Ratings
AM Best Affirms China Taiping Singapore’s Excell
BE Bernama 
Key points
- CTPIS is a wholly owned subsidiary of China Taiping Insurance Holdings Company Limited, which is ultimately majority-owned by China Taiping Insurance Group Ltd (TPG), a Chinese state-owned financial and insurance group.
- CTPIS also receives a rating enhancement as a member of the TPG group.
- The company’s return on equity rose to six per cent in 2025 from 5.8 per cent in 2024, with operating income mainly driven by profitable non-life business and an improving life business.
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