Business
Zhibao's Subsidiary Receives 'Good' Financial Strength and Long-Term Issuer Credit Ratings from AM Best
Shanghai, China--(Newsfile Corp. - November 14, 2025) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," or the "Company"), a leading and high-growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced that its wholly owned subsidiary, Zhibao Labuan Reinsurance Company Limited, a company incorporated in Malaysia ("Zhibao Labuan"), has received a Financial Strength Rating of B+ (Good) and a Long-Term...
About this update from Zhibao Technology Inc.
[{"type":"text","content":"Shanghai, China--(Newsfile Corp. - November 14, 2025) - Zhibao Technology Inc. (NASDAQ: ZBAO) ("Zhibao," or the "Company"), a leading and high-growth InsurTech company primarily engaging in providing digital insurance brokerage services through its operating entities in China, today announced that its wholly owned subsidiary, Zhibao Labuan Reinsurance Company Limited, a company incorporated in Malaysia ("Zhibao Labuan"), has received a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of "bbb-" (Good) from A.M. Best Company, Inc. ("AM Best"), the largest credit rating agency in the world specializing in the insurance industry.","length":710,"tagName":"p"},{"type":"text","content":"The outlook assigned to these Credit Ratings is stable.","length":55,"tagName":"p"},{"type":"text","content":"In addition, AM Best assessed Zhibao Labuan's balance sheet strength as strong and cited its adequate operating performance, limited business profile and appropriate enterprise risk management.","length":197,"tagName":"p"},{"type":"text","content":"AM Best's ratings were supported by the following conclusions:","length":66,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Zhibao Labuan's risk-adjusted capitalization is projected to be at the strong level as of year-end 2025, supported by a prudent investment strategy and good liquidity;","length":171,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Zhibao Labuan expects to build its market presence by leveraging Zhibao and its affiliates' extensive partnerships with direct insurers and business platforms across various industries in mainland China;","length":207,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"The subsidiary is expected to receive operational and underwriting support from Zhibao and affiliated companies; and","length":116,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Zhibao Labuan can benefit from improved data quality, particularly for health and medical products, as well as the expertise of its affiliated insurance broker and Managing General Underwriter.","length":193,"tagName":"p","attribs":{}}]}],"tagName":"ul","bulletedList":true,"length":687,"olType":false},{"type":"text","content":""We are pleased to rece...