RAEX raised SK “AIG” rating to “A++”



Rating Agency RAEX (Expert RA) upgraded the rating of reliability of the insurance company “AIG” up to “A++ “Exceptionally high (the highest) level of reliability”. The rating Outlook is “Stable”, which means high probability of maintaining the rating at the current level in the medium term. Earlier the company had rating at “A+”, the first sublevel, with the Stable Outlook. About this MFD-InfoCenter reported to the rating Agency.

“In 2015, the company refocused on highly profitable segments of the insurance market, focusing on corporate insurance and incoming reinsurance. This happens in the framework of the General strategy of the owner company, American International Group, Inc. The insurer actively participates in the activities of the international group AIG for the incoming reinsurance. These factors led to the improved operating performance of the company. So, at the end of 2015, ROA amounted to 8.0%, ROE – 48.6%, net profit – 613.5 million. This is due to the increase in the rating of the company”,- says the managing Director for insurance ratings RAEX (Expert RA) Alexey Yanin.

Positive impact on the company rating have a high deviation of actual solvency margin from the minimum share capital (224.2% to 31.03.2016), high values of current liquidity ratio (145.6% on 31.03.2016) and liquidity insurance refined net (305.2% on 31.03.2016). The investment portfolio is characterized by high reliability and liquidity. On 15.04.2016 100% of the investments of the company accounted for marketable sites with the ratings RAEX (Expert RA) at the level of “A+” or above either the ratings agencies Fitch, Moody’s, S&P at the same level. A positive impact on the rating also having a high financial potential ultimate owner of the company (American International Group, Inc.).

The company specializiruetsya on the provision of services to inward reinsurance (36.2% of contributions for the 2015 year), property insurance of legal persons (26.0%) and insurance of civil liability for injury to third parties (19.1%). According to the Central Bank of the Russian Federation, by the end of 2015 CJSC “AIG” took the 53 place in terms of premiums collected, 6 place for incoming reinsurance, 13 in of other property insurance of legal entities and 8 place for civil liability insurance for causing harm to third parties. According RAEX (Expert RA), the assets of the insurer on 31.03.2016 was 8 983.6 million rubles, own funds – 2 011.4 million roubles the authorized capital is 480 million rubles. For 2015 the company has collected 3 842.1 million rubles of insurance premiums.




RAEX raised SK “AIG” rating to “A++” 31.05.2016

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