Mubasher: Moody's Investors Service has affirmed Gulf Insurance Group’s insurance financial strength rating (IFSR) at “A3”, with a “Stable” outlook.
Moody’s said that this rating reflects Gulf Insurance’s strong and leading position in repaying its dues to the insurance certificates’ holders as scheduled, according to a recent statement.
The group’s outlook indicates a weak possibility of changing the rating on the medium-term.
Gulf Insurance’s strong profitability reflects the return on capital of 11.3% between 2012 and 2016.
