AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent) of Orient Insurance PJSC (Orient) (United Arab Emirates), and Orient Takaful Insurance Company (S.A.E.) (Orient Takaful) (Egypt), a subsidiary of Orient. The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has assigned an FSR of A (Excellent) and a Long-Term ICR of “a+” (Excellent) to Orient UNB Takaful PJSC (United Arab Emirates), a subsidiary of Orient. The outlook assigned to these ratings is stable.
The ratings reflect Orient’s balance sheet strength, which AM Best assesses as very strong, as well as its very strong operating performance, neutral business profile and appropriate enterprise risk management