Logo of Al-Etihad Cooperative Insurance Co.
Al-Etihad Cooperative Insurance Co. received on Aug. 15 a report from Moody’s Rating Agency granting the company an Insurance Financial Strength Rating (IFSR) of “A3” with a stable outlook.
The report clarified that the “A3” IFSR reflects Al-Etihad Insurance’s good market position, good asset quality driven by a conservative investment strategy, and a low level of high-risk assets, according to a statement to Tadawul.
It also reflects a strong capital adequacy level and profitability for the last five years, supported by a good return on capital and combined loss ratio, the statement added.
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