A.M. Best Affirms Credit Ratings of Arab Reinsurance Company S.A.L.
The ratings reflect Arab Re’s balance sheet strength, which
Arab Re’s risk-adjusted capitalisation, as measured by Best’s Capital Adequacy Ratio (BCAR), remains at the strongest level, reflective of the company’s low underwriting leverage. Risk-adjusted capitalisation strengthened in 2015 and 2016, following the shareholders’ decision to forgo dividend payments. With shareholders’ equity reaching
Arab Re has a stable business profile in its core markets in the
Arab Re has a track record of adequate operating profitability, with a five-year (2012-2016) average return on equity of 4.6% and return on premium of 8.4%. Whilst operating profit continues to be supported by robust investment returns, the company has experienced weakening technical performance in recent years, with difficult underwriting conditions resulting in a five-year average combined ratio of 105.2%. Arab Re’s net income diminished to
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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