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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
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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%. |
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