Current Rating
Rating FAQ
Long-term  :   twAA-
Short-term  :   --
Outlook  :  Negative
Issuer Rating History
Rating Date Long-term Rating outlook (credit watch) Short-term Rating
2025/05/22 twAA- Negative --
2025/02/13 twA+ Positive --
2024/08/27 twA+ Watch Dev --
2024/03/07 twA+ Negative --
2023/05/29 twAA- Negative --
2022/05/30 twAA- Stable --
2020/05/29 twAA- Negative --
2013/05/29 twAA- Stable --
2012/08/24 twAA- Negative --
2009/04/29 twAA- Stable --
2009/01/21 twAA Watch Neg --
2006/05/25 twAA Stable --
Research Analysis
Publish Date Subject
2025/05/22 Media Release Shin Kong FHC, Shin Kong Life And Key Subsidies Upgraded On Taishin FHC Merger
2025/02/13 Media Release: Shin Kong Life, Shin Kong Financial Holding And Key Subsidiaries Ratings Affirmed With Positive Outlook; Off CreditWatch
2024/08/27 Media Release: Shin Kong FHC And Key Operating Unit Ratings Placed On CreditWatch Developing On Merger Announcement
2024/05/29 Research Update: Shin Kong Life Insurance Co. Ltd. Ratings Affirmed At 'twA+'; Outlook Negative
2024/03/07 Media Release: Shin Kong Life, Shin Kong FHC, And Key Group Units Downgraded On Life Insurer's Weak Performance; Outlook Negative
2023/08/14 Media Release: Shin Kong Life's Upcoming Series 112-1 Unsecured Subordinated Corporate Bond Rated 'twA+'
2023/05/29 Media Release: Outlook On Shin Kong FHC And Key Group Units Revised To Negative On Shin Kong Life's High Earning Volatility; Ratings Affirmed
2022/05/30 Media Release: Shin Kong FHC, Shin Kong Life Outlooks Revised To Stable From Negative On Sustained Financial Buffer; Ratings Affirmed
2022/03/02 Bulletin: Shin Kong Life Insurance To Boost Capital After Parent's Share Issue
2021/07/23 Bulletin: Shin Kong Life Insurance To See Capital Uplift After Parent's Share Issue
2021/05/27 Media Release: Ratings Affirmed On Shin Kong FHC And Key Group Units; Outlook Negative On Earning Volatilities
2020/09/17 Bulletin: Regulatory Actions Against Shin Kong Life May Weigh On Credit Profile
Last 5 Years Issue Rating History
Series Amount
(Million)
Issue Date Maturity Date
Coupon Rate
(%)
Rating Rating Date
101-1/   5,000 2012/12/10 3.35 twA+  2025/05/22
112-1/A   13,000 2023/10/26 2033/10/26 4 twA+  2025/05/22
*Taiwan Ratings maintains continuous surveillance over its ratings and the “Rating date” below refers to the last date on which the ratings/outlook have been changed or the ratings on/off CreditWatch.
*Unless there is a material change in our rating views on a given entity, Taiwan Ratings does not update the “Rating date,” which is accordance with the general international practice for rating disclosures.