A.M. Best Affirms Ratings of PVI Insurance Corporation
The ratings reflect PVI Insurance’s favorable risk-adjusted capitalization, profitable operating performance and strong presence in the
With financial and operational support from PVI Holdings,
Offsetting rating factors are the large dividend payout to shareholders, Vietnam’s high economic risk and the challenging retail segment.
According to PVI Insurance’s projection, a large part of the after-tax profit is expected to be transferred to the shareholders in future fiscal years. This dividend policy will pose an impact to the growth of capital.
In addition, the challenging economic environment in
In recent years,
Negative rating actions could occur if the company’s risk-adjusted capitalization declines to a level below A.M. Best’s expectations due to material deterioration in operating performance or aggressive business growth.
The methodology used in determining these interactive ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
Key insurance criteria reports utilized:
- Catastrophe Analysis in A.M. Best Ratings
- Evaluating Country Risk
- Measuring Transfer and Convertibility Risk
- Rating Members of Insurance Groups
- Risk Management and the Rating Process for Insurance Companies
- Understanding BCAR for Property/Casualty Insurers
Ratings are communicated to rated entities prior to publication, and unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to rating(s) that have been published on
Copyright © 2015 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.
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