The Pakistan Credit Rating Agency (Pacra) has maintained the Insurer Financial Strength (IFS) rating of Habib Insurance Company Limited (HIC) at 'A+' (Single A Plus). The rating denotes strong capacity to meet policyholder and contract obligations.
At the same time, risk factors are considered moderate, and the impact of any adverse business and economic factors is expected to be modest. The rating reflects HIC's sound financial base, originating from healthy solvency margins and a robust equity base. At the same time, the rating recognises association with Habib Group, with group business providing a sizeable low-risk contribution.-PR
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