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30/06/2020
18:07
ACRA affirms SOGAZ INSURANCE at 'AAA'(RU)

On June 30, 2020, Russia's Analytical Credit Rating Agency (ACRA) affirmed the credit rating of SOGAZ INSURANCE at 'AAA'(RU), with a stable outlook, the rating agency informed.

The credit rating assigned to SOGAZ INSURANCE (hereinafter, SOGAZ, or the Company) is based on its very strong business and financial profiles and adequate management quality. The rating is backed by the Company's strong market position and operating performance, and high assessments of capital adequacy, asset quality, and liquidity. Additional positive influence comes from the assessment of the Company's relationship with one of its shareholders and largest customer, Gazprom (ACRA rating: AAA(RU), outlook Stable).

In 2019, SOGAZ continued to confidently lead the Russian insurance market in terms of signed insurance premiums, assets and equity. SOGAZ Group includes the parent company SOGAZ INSURANCE (a universal insurer), its subsidiaries: IC SOGAZ-ZHIZN LLC (life insurance) and IC SOGAZ-Med JSC (compulsory health insurance), and several healthcare and related businesses. SOGAZ provides insurance cover to major Russian corporations, including Gazprom, Rosatom, Joint Stock Company "Russian Railways" (ACRA rating: AAA(RU), outlook Stable), and Rosneft Oil Company.

"AK&M", 30.06.2020 13:18

 

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