Al Rajhi Takaful says Moody’s maintain A3 IFSR, stable outlook

12/12/2021 Argaam

Al Rajhi Company for Cooperative Insurance (Al Rajhi Takaful) announced that Moody’s Investor Service on Dec. 1 affirmed an “A3” insurance financial strength rating (IFSR) with a stable outlook.

 

The rating reflects the insurer’s strong market position and brand as the third-largest player in the Saudi insurance market.

 

It further confirms good asset quality, consistent profitability, excellent return on capital, low reserve adequacy risk and good combined ratio.

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