Expert RA has raised its insurer financial reliability rating on RSHB-Insurance to ‘ruAA+’. The outlook assigned to the rating is ‘stable’. Previously, the company was rated ‘ruAA / stable’.
The upgrade of RSHB-Insurance rating reflects the stable financial performance over a long period of time against the background of the business growth and strengthening of the company’s position in the insurance market.
“The agency noted positive impact of such factors as moderately high diversification of the company’s insurance portfolio by types of insurance, high geographic diversification of business, a consistently high level of profitability indicators and quality of company assets , high assessment of solvency and liquidity indicators and quality of reinsurance ability”, - commented Sergey Prostatin, General Director at RSHB-Insurance.
The company’s total assets amounted to RUB 19.4 bln as of 30 June 2021, equity – RUB 3.7 bln, authorised capital – RUB 627.8 mln. Total insurance premium amounted to RUB 5.1 bln as at H1 2021.