Going strong: State Life receives ‘AAA’ rating
Pacra has maintained the Insurer Financial Strength (IFS) rating of ‘AAA’ (Triple A) to SLIC.
KARACHI:
The Pakistan Credit Rating Agency (Pacra) has maintained the Insurer Financial Strength (IFS) rating of ‘AAA’ (Triple A) to State Life Insurance Corporation of Pakistan (SLIC). The rating denotes SLIC’s exceptionally strong capacity to meet policyholder and contract obligations. At the same time, risk factors are considered minimal and the impact of adverse business and economic factors is expected to be extremely small. The rating also factors in State Life’s robust financial profile emanating from its sound investment portfolio that has sizeable surplus over policyholder liabilities. PRESS RELEASE
Published in The Express Tribune, November 25th, 2011.
The Pakistan Credit Rating Agency (Pacra) has maintained the Insurer Financial Strength (IFS) rating of ‘AAA’ (Triple A) to State Life Insurance Corporation of Pakistan (SLIC). The rating denotes SLIC’s exceptionally strong capacity to meet policyholder and contract obligations. At the same time, risk factors are considered minimal and the impact of adverse business and economic factors is expected to be extremely small. The rating also factors in State Life’s robust financial profile emanating from its sound investment portfolio that has sizeable surplus over policyholder liabilities. PRESS RELEASE
Published in The Express Tribune, November 25th, 2011.