Seoul: AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of 'aa+' (Superior) for Samsung Fire and Marine Insurance Co., Ltd. (SFM) in South Korea and its subsidiaries. These subsidiaries include Samsung Fire and Marine Insurance Company of Europe Limited in the United Kingdom, Samsung Vina Insurance Co., Ltd. in Vietnam, and Samsung Reinsurance Pte. Ltd. in Singapore. In addition, AM Best has affirmed the FSR of A- (Excellent), the Long-Term ICR of 'a-' (Excellent), and the Indonesia National Scale Rating of aaa.ID (Exceptional) for PT Asuransi Samsung Tugu (AST) in Indonesia. The outlook for these credit ratings remains stable.

According to BERNAMA News Agency, the ratings of SFM reflect its balance sheet strength, which AM Best assesses as strongest. Additionally, the ratings consider the company's strong operating performance, favorable business profile, and robust enterprise risk management (ERM).