Moody’s gives Al-Etihad Insurance ‘A3’ rating with stable outlook

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.