LAGOS, September 22, 2025 – GCR Ratings (GCR) has affirmed the international and national scale financial strength ratings of AA+(KH) and B+, respectively, for Forte Insurance (Cambodia) Plc in 2025.

The sustained recognition and high rating of AA+(KH)/ B+ for three consecutive years (from 2023, 2024, and 2025) from the international organization GCR stands as a testament to the consistency and robustness of the company's financial performance, mature and strategic financial risk management, and the capacity to meet its financial obligations, particularly within a competitive insurance market. Maintaining this stable rating enhances Forte’s reputation and doubles the confidence of customers in our business as one of the most trusted insurance companies both regionally and on the international stage.

Mr. Suy Channtharong, Chief Executive Officer of Forte Insurance, commented: “Earning the high-level GCR rating once again is concrete evidence of Forte’s strong financial foundation. Furthermore, this strength is not merely about figures or trust alone; it presents an opportunity for all of us to increase investment in digital technology, with the aim of improving service quality and refining insurance products that address the daily needs of our customers. Forte’s long-term vision is clear: to protect and empower individuals and businesses, thereby contributing to economic stability and strengthening confidence from the international community.”

Mr. Pin Nirorn, Group Chief Financial Officer of Forte Group, stated: “Forte is also an insurance company that actively participates in promoting and driving national economic growth, securing an approximate 43% market share in Cambodia’s general insurance market. In the context of a constantly shifting global economy, our sustained B+ and AA+(KH) ratings clearly reflect the company’s attention and firm commitment to providing the best insurance solutions, demonstrating the progress of customer confidence. We believe that Forte’s financial strength and stability are the inherent values that allow us to continue building a safe and reliable future for the people of Cambodia.”

About Global Credit Rating (GCR)

Global Credit Rating (GCR), an affiliate of Moody's, is a leading independent credit risk assessment and advisory agency, providing valuable insights into the financial strength and stability of institutions.

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