GCR Rating 2025 Standard Insurance
The Global Credit Rating Co. (GCR) has recently upgraded Standard Insurance Co., Inc.’s national scale financial strength rating of AA-(PH) and intenational financial strength rating of BB+ both with a Stable outlook.
Standard Insurance Co., Inc. has received upgraded financial strength ratings from Global Credit Rating Co. (GCR), reinforcing its position as one of the financially strong and reliable insurance providers in the Philippines.
GCR recently upgraded Standard Insurance’s national scale financial strength rating to AA-(PH) from A+(PH). The Company’s international scale financial strength rating was likewise upgraded to BB+ from BB, which is one notch below the Philippine sovereign rating. Both ratings were assigned a Stable Outlook.
According to GCR, the rating upgrades reflect Standard Insurance’s financial strength, driven by stable earnings performance, very strong risk-adjusted capitalization, and healthy liquidity. These factors demonstrate the Company’s ability to meet its policyholder obligations while maintaining long-term financial stability.
Despite catastrophic events experienced in 2024, Standard Insurance maintained a consistent and stable earnings profile, supported by robust reinsurance protection and strong investment income performance. This highlights the Company’s resilience amid challenging market conditions and natural catastrophe exposures.
GCR also noted that the Company’s capitalization remains very strong, supported by a sizeable capital base capable of covering insurance risks and market exposure. Liquidity levels also remain healthy, underpinned by conservative asset allocation strategies and positive operational cash flow generation. All these reinforces Standard Insurance's financial strength.
The Stable Outlook reflects GCR’s expectation that Standard Insurance will continue to sustain strong financial and business performance in the coming years.
The ratings upgrade further strengthens Standard Insurance Co., Inc.’s reputation as a trusted provider of motor, property, travel, pet, and other non-life insurance products in the Philippines.
Moody's Corporation wholly owns GCR, further reinforcing the credibility and global recognition of the rating assessment.
Source: GCR Website