Standard and Poor’s have affirmed the 'A' long-term counterparty credit and insurer financial strength ratings of Orient Insurance PJSC (Orient). The outlook is stable.
S & P has commented in the press release that Orient has maintained its position as second-largest insurer in the United Arab Emirates (UAE), with Emirati dirham (AED) 2,673 million of gross premiums written (GPW) and a market-leading net combined ratio of about 76%. Net profits in 2016 stood at AED314 million, and these represent a substantial 35% of the overall market.
S&P Rating Report