Mubasher: Moody’s Investors Service has affirmed the Financial Strength Rating (FSR) of Al Ahleia Insurance at “A3”, with a “Stable” outlook, according to a bourse statement on Wednesday.

The rating of Al Ahleia Insurance reflects the company’s medium to high level, with a possibility of a low level of risks.

Al Ahleia is expected to maintain its strong position in the market, profitability, and capital adequacy ratio (CAR), the statement added.

Moody’s noted that the Al Ahleia Insurance’s strength factors are built by its direct premiums in addition to the good level of capitalising after acquiring Kuwait Reinsurance Company.