S & P has upgraded Orient’s Outlook to Positive from Stable and has affirmed the “A” rating.
In 2021, Orient maintained its position as the largest listed UAE insurer measured by GWP. The company’s GWP increased by about 19% to UAE dirham (AED)5.0 billion (US$1.36 billion) from AED4.2 billion in 2020. The strong operating performance and steady investment results helped the company to achieve a net profit of AED476 million in 2021 compared with AED430 million in 2020. The positive outlook indicates that S & P could raise the ratings on Orient over the next two years..
Read More : S & P – Research Update – Orient