Al Rajhi Takaful Maintains Insurance Financial Strength Credit Rating at A3 Category with Stable Outlook

Al Rajhi Company for Cooperative Insurance (“Al Rajhi Takaful”) announced on Sunday that Moody’s Investor Service has maintained an A3 (Stable Outlook) insurance financial strength rating (IFSR) to Al Rajhi Takaful on 01 December 2021.

The A3 (IFSR) of Al Rajhi Takaful reflects its: (i) strong market position and brand, as the third largest player in the Saudi Arabian insurance market, (ii) good asset quality, (iii) consistently good profitability, with an excellent return on capital (ROC), (iv) low reserve adequacy risk, (v) and good combined ratio.