A.M. Best Affirms Ratings of Jordan Insurance Company [Health & Beauty Close – Up]
Proquest LLC |
A.M. Best
The outlook for both ratings remains stable.
The ratings reflect JIC's solid business position in
JIC has an established position in
JIC remained one of the most profitable companies in
JIC's risk-adjusted capitalisation is strong, benefiting from a historically good level of earnings and profit retention. Furthermore, JIC's risk-adjusted capitalisation benefits from a good level of business leverage, a comprehensive reinsurance programme of good credit quality and is partially offset by the company's investment portfolio, given the concentration of investment in equities and real estate. In
Going forward, downward rating movement could occur through a material deterioration in JIC's risk-adjusted capital level or by an increase
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