Fitch Affirms China's Huaxia Life at IFS 'A-'; Outlook Stable

April 13, 2015 8:21 AM

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(The following statement was released by the rating agency) HONG KONG, April 13 (Fitch) Fitch Ratings has affirmed China-based Huaxia Life Insurance Company Ltd.'s (HXLF) Insurer Financial Strength (IFS) rating at 'A-'.

The Outlook is Stable. KEY RATING DRIVERS The rating reflects HXLF's niche market position in the universal life (UL) products segment, turnaround in operating profitability, rapid premium growth, solid distribution network and ongoing capital infusion by its shareholders to support its expansion. O...

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