Taipei: AM Best has assigned a financial strength rating of A (Excellent) and a long-term issuer credit rating of 'a+' (Excellent) to Taiwan's Tokio Marine Newa Insurance Co Ltd (TMNewa), with a stable outlook.

According to BERNAMA News Agency, the credit ratings reflect TMNewa's very strong balance sheet strength, adequate operating performance, neutral business profile, and appropriate enterprise risk management. The ratings also consider the rating enhancement from its parent company, Tokio Marine and Nichido Fire Insurance Co Ltd (TMNF), which is the main insurance operating entity of Tokio Marine Holdings Inc.

TMNewa is Taiwan's fourth-largest non-life insurer, holding a 7.6 per cent market share in 2025, with a primary focus on motor insurance through connections with the Taiwan-based Yulon Group. The global credit rating agency noted that TMNewa's risk-adjusted capitalisation remained at the strongest level by the end of 2025, bolstered by retained earnings, shareholder capital injections, conservative investments, and strong liquidity.

AM Best also highlighted that TMNewa returned to favourable operating performance after experiencing underwriting losses related to pandemic products in 2022. The company's return on equity reached 25.7 per cent in 2025. The expense ratio benefits from sustained control over management expenses and commissions, coupled with increased scale, and remains below the market average.

Looking ahead, TMNewa aims for profitable growth in non-motor business lines, such as fire and liability insurance for small to medium-sized enterprises, while maintaining discipline on large commercial risks.