A.M. Best Affirms Credit Ratings of National General Insurance Company (P.S.C.)
The ratings reflect NGI’s balance sheet strength, which
NGI’s balance sheet strength is underpinned by its risk-adjusted capitalisation that is at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). This is supported by low underwriting leverage and a reinsurance panel of good credit quality.
The company has achieved a five-year average return on capital of 12%, which has been supported by strong and consistent underwriting results. NGI has demonstrated good underwriting performance across all lines of business, with a five-year average combined ratio of 92% for its non-life portfolio and a moderately profitable life book. In 2017, the company’s underwriting performance benefitted from the increase in vehicle insurance tariffs in the
NGI has a well-established profile in the
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
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