YF Life Once Again Awarded Strong Financial Strength Rating by Fitch

April 17, 2020

YF Life Insurance International Ltd. (“YF Life”) is pleased to announce that it has yet again been awarded an ‘A-’ (Strong) Insurer Financial Strength Rating by Fitch Ratings (“Fitch”), with stable outlook.

Despite the severe economic challenges the world is facing due to the COVID-19 pandemic, international ratings agency Fitch has reaffirmed YF Life’s solid financial performance, capital adequacy and stable outlook.

Mr. K.P. Tay, Managing Director and Chief Executive Officer said, “We are delighted with Fitch’s further reaffirmation of our financial strength. It is a testament to YF Life’s prudent business philosophy, strong financial strength and sustainable business development strategies over many years. Looking forward, we will continue to innovate, strive to create value for all stakeholders, and work towards consolidating YF Life's position as a sustainable tech-based company that truly embraces the future.”

YF Life Insurance International Limited is a member of publicly listed Yunfeng Financial Group Limited (HKSE: 376), whose major shareholders include Yunfeng Financial Holdings Limited and MassMutual International LLC (a subsidiary of Massachusetts Mutual Life Insurance Company, one of the “Five Largest US Life Insurance Companies”*). Leveraging our robust financial background and solid reliability, YF Life is committed to helping customers “own the future” by providing professional and technology-enhanced one-stop risk- and wealth-management consulting services, as well as MPF services.

* Ranked according to the aggregate results of “Insurance: Life, Health (Mutual)” and “Insurance: Life, Health (Stock)” on total revenues for 2018, and based on the FORTUNE 500 as published on May 16, 2019.