S&P lifts Dai-ichi Life view to positive

S&P said it revised the outlook on Dai-ichi Life Insurance Co. Ltd. 's view to positive from stable.

The agency also said it affirmed the A+ financial strength and issuer credit ratings on Dai-ichi Life, along with its issue credit ratings at A-.

Dai-ichi Life is considered a core operating subsidiary of Dai-ichi Life Holdings, S&P said.

The outlook was revised to positive from stable, reflecting that the Dai-ichi Life Group's capitalization will continue to improve mainly through the accumulation of retained earnings and issuance of subordinated debt, the agency said.

S&P said it revised up the group's capital and earnings score to strong from moderately strong.

The agency said it believes the group will manage to maintain a high level of capital partly by controlling its economic solvency ratio in the target range of 170% and 200% through its enterprise risk management policy.

While the group's capitalization has been improving, factors constrain this strength, S&P said.

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