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Al-Etihad Cooperative Insurance Company announces it has received 'A3' Financial Strength Rating Affirmed with Stable Outlook by Moody’s Rating Agency

8170
ALETIHAD
-3.86 %
1446/11/06     04/05/2025 07:26:45

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Announcement Detail Al-Etihad Cooperative Insurance Company announces that it has received, on Thursday May 1, 2025, a report from Moody’s Rating Agency affirming the company’s Insurance Financial Strength Rating (IFSR) at “A3” with a stable outlook.

The report clarified that the “A3” IFSR assigned to the company reflects its:

1. good market position and brand, with strong distribution capabilities that support growth.

2. good asset quality, driven by a conservative investment strategy and evidenced by a relatively low level of high-risk assets.

3. Strong capital adequacy level.

4. Good profitability, with a five-year average return on capital (ROC 5yr) of 7.7% in 2024, supported by a good five-year average combined ratio (COR 5yr) of 95.2%.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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