A conventional asymmetrical half-bridge (AHB) converter is one of the most promising topologies in low-power applications because of the zero-voltage switching (ZVS) of all switches and the small number of components. However, when it operates with an asymmetrical duty ratio, it has a large dc-offset current in the transformer, which increases the size and core loss of the transformer. Moreover, because the dc-offset current decreases ZVS energy for one of the half-bridge switches, it has low efficiency in a light load condition. In addition, because most of the output current is concentrated in high-voltage-rating diodes that have large forward voltage drops, large conduction loss occurs in the secondary rectifier. To solve these problems, a new AHB converter with a coupled inductor rectifier (CIR) is proposed in this paper. By adopting the CIR structure in the AHB converter, the proposed converter not only eliminates the dc-offset current in the transformer, but it also has equalized current stress in the rectifier diodes. As a result, the proposed converter achieves high efficiency in entire load condition, compared to an AHB converter with a full-bridge rectifier. The effectiveness and feasibility are verified with a 250-400 V input and 100 V/200 W output prototype.