SFMI has been recognized by global rating agencies for its strong capital adequacy, sustainable operations, and outstanding risk management
Credit Rating
| Rating Period | S&P | A.M. Best |
|---|---|---|
| 2023 | AA-, Stablepdf 다운로드 | A++, Superiorpdf 다운로드 |
| 2022 | AA-, Stablepdf 다운로드 | A++, Superiorpdf 다운로드 |
| 2021 | AA-, Stablepdf 다운로드 | A++, Superiorpdf 다운로드 |
Ratings Definition
S&P Rating
| Category | Definition | |
|---|---|---|
| Financial Strength Rating |
AAA | Capacity to meet the financial commitments extremely strong |
| AA | Capacity to meet the financial commitments very strong | |
| A | Slightly susceptible to the adverse effects of changes in circumstances and economic conditions. Capacity to meet the financial commitments still strong | |
| BBB | More susceptible to adverse economic conditions or changing circumstances. Good capacity to meet the financial commitments | |
| BB,B and CCC | Indicates significantly speculative characteristics. | |
| Long-Term Issue Credit Rating |
AAA | Extremely Strong Financial Security Characteristics |
| AA | Very Strong financial security characteristics | |
| A | Slightly susceptible to the adverse effects of changes in circumstances and economic conditions. Financial characteristics still strong | |
| BBB | More susceptible to the adverse economic conditions or changing circumstances. Financial characteristics still adequate. | |
| BB,B and CCC | Indicates vulnerable characteristics that may outweigh its strength | |
- Ratings from ‘AA’ to ‘CCC’ may be modified by the addition of a plus (+) or a minus(-) sign to show relative standing within the category
A.M. Best Rating
| Degree | Definition | |
|---|---|---|
| FSR (Financial Strength Rating) |
A+ ~ A++ (Superior) |
Superior ability to meet ongoing insurance obligations |
| A- ~ A (Excellent) |
Excellent ability to meet ongoing insurance obligations | |
| B+ ~ B++ (Good) |
Good ability to meet ongoing insurance obligations | |
| B- ~ B (Fair) |
Fair ability to meet ongoing insurance obligations. Financial strength vulnerable to adverse changes in underwriting and economic conditions | |
| C+ ~ C++ (Marginal) |
Marginal ability to meet ongoing insurance obligations. Financial strength vulnerable to adverse changes in underwriting and economic conditions | |
| C- ~ C (Weak) |
Weak ability to meet ongoing insurance obligations. Financial strength very vulnerable to adverse changes in underwriting and economic conditions | |
| D (Poor) |
Poor ability to meet ongoing insurance obligations. Financial strength extremely vulnerable to adverse changes in underwriting and economic conditions. | |
| ICR (Issuer Credit Rating) |
aaa (Exceptional) |
Exceptional ability to meet ongoing senior financial obligations |
| aa (Superior) |
Superior ability to meet ongoing senior financial obligations | |
| a (Excellent) |
Excellent ability to meet ongoing senior financial obligations | |
| bbb (Good) |
Good ability to meet ongoing senior financial obligations | |
| bb (Fair) |
Fair ability to meet ongoing senior financial obligations. Credit quality vulnerable to adverse changes in industry and economic conditions | |
| b (Marginal) |
Marginal ability to meet ongoing senior financial obligations. Credit quality vulnerable to adverse changes in industry and economic conditions | |
| ccc (Weak) |
Weak ability to meet ongoing senior financial obligations. Credit quality vulnerable to adverse changes in industry and economic conditions | |
| cc (Very Weak) |
Very weak ability to meet ongoing senior financial obligations. Credit quality very vulnerable to adverse changes in industry and economic conditions | |
| c (Poor) |
Poor ability to meet ongoing senior financial obligations. Credit quality extremely vulnerable to adverse changes in industry and economic conditions | |
- ICR categories from ‘aa’ to ‘ccc’ include rating notches to reflect a gradation within a category with a plus(+) or a minus (-)