{"id":38228,"date":"2026-07-16T20:32:00","date_gmt":"2026-07-16T18:32:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=694835891b611adbff77b3768c080f9f"},"modified":"2026-07-16T20:32:00","modified_gmt":"2026-07-16T18:32:00","slug":"am-best-affirms-credit-ratings-of-military-insurance-corporation","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=38228","title":{"rendered":"AM Best Affirms Credit Ratings of Military Insurance Corporation"},"content":{"rendered":"

SINGAPORE--(BUSINESS WIRE)--#insurance<\/a>--AM Best <\/b>has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of \u201cbbb\u201d (Good) and the Vietnam National Scale Rating of aaa.VN (Exceptional) of Military Insurance Corporation (MIC) (Vietnam). The outlook of these Credit Ratings (ratings) is stable.<\/p><\/a><\/a>

\nThe ratings reflect MIC\u2019s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. The ratings also factor in a neutral impact from MIC\u2019s ultimate parent company, Military Commercial Joint Stock Bank (MB).<\/p>

\nMIC\u2019s balance sheet strength assessment is underpinned by the strongest level of risk-adjusted capitalisation, as measured by Best\u2019s Capital Adequacy Ratio (BCAR). MIC benefits from good financial flexibility, with a demonstrated track record of capital injections over the last 10 years. In addition, the company has a prudent investment strategy, with the majority of its investments held in cash, term deposits and fixed-income securities. Exposure to large risks and natural catastrophes is mitigated in part through MIC\u2019s reinsurance programme. Furthermore, reinsurance counterparties are generally of good credit quality.<\/p>

\nAM Best assesses MIC\u2019s operating performance as adequate, with a five-year average return-on-equity ratio of 11.6% and a combined ratio of 98.4% (2021-2025). The streamlining and restructuring of MIC\u2019s key functions over the past year are expected to support its future business growth with improved efficiency. Meanwhile, ongoing business expansion in commercial lines is expected to benefit future earnings. Additionally, the company\u2019s stable stream of interest income from term deposits and bonds remains a key contributor to its overall earnings.<\/p>

\nAM Best assesses MIC\u2019s business profile as neutral. The company ranked fourth by gross premiums written in Vietnam\u2019s non-life insurance market, with an approximately 6.2% market share in 2025, supported by a vast distribution network, including bancassurance, internal salesforce and external agents. The company\u2019s premium mix is moderately diversified with key business lines being motor, health, personal accident, property and engineering insurance. MIC also benefits from both common branding and preferential access to customers of MB.<\/p>

\nRatings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.<\/b><\/p>

\nThis press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best\u2019s Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 <\/b>countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nKen Lau<\/b>Senior Financial Analyst<\/b>+65 6303 5025<\/b>ken.lau@ambest.com<\/a><\/p>

\nChris Lim, CFA, FCII<\/b>Director, Analytics<\/b>+65 6303 5018<\/b>chris.lim@ambest.com<\/a><\/p>

\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a><\/p>

\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

SINGAPORE–(BUSINESS WIRE)–#insurance–AM Best has affirmed the Financial Strength Rating of B++ (Good), the Long-Term Issuer Credit Rating of \u201cbbb\u201d (Good) and the Vietnam National Scale Rating of aaa.VN (Exceptional) of Military Insurance Corporation…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-38228","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/38228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38228"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/38228\/revisions"}],"predecessor-version":[{"id":38229,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/38228\/revisions\/38229"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}