AM Best Affirms Credit Ratings of Orient Insurance PJSC and Its Main Subsidiaries, Orient Insurance Company - Egypt and Orient Takaful PJSC
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of Orient Insurance PJSC (Orient) (United Arab Emirates) [UAE] and its subsidiaries, Orient Insurance Company - Egypt (Orient Egypt) (Egypt) and Orient Takaful PJSC (Orient Takaful) (UAE). The outlook of these Credit Ratings (ratings) is stable. These companies collectively are referred to as Orient or the group.
The ratings reflect Orient’s balance sheet strength, which AM Best assesses as very strong, as well as its very strong operating performance, neutral business profile and appropriate enterprise risk management.
Orient Egypt and Orient Takaful are strategically important to Orient and benefit from the group’s strong explicit support.
Orient’s balance sheet strength is underpinned by its consolidated risk-adjusted capitalisation at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). The group’s balance sheet strength is supported by prudent reserving practices and its strong liquidity position. Orient’s investment portfolio includes a strategic equity holding that accounted for approximately 20% of total invested assets at year-end 2025, and introduces potential volatility in Orient’s capital and surplus, owing to fair value movements. The group’s remaining invested asset portfolio is conservative, with a weighting toward cash and fixed-term bank deposits. The balance sheet strength assessment also factors in Orient’s high dependence on reinsurance. Counterparty credit risk is partially mitigated by the use of a panel of financially sound reinsurance partners.
