- Language: English
- Published: May 2013
- Region: Saudi Arabia
Summary: Takaful International Co. BSC May 11
- Published: May 2011
- Region: Global
- Standard & Poors
The ratings on Bahrain-based composite insurer Takaful International Co. BSC (TIC) reflect the company's good operating performance and good financial flexibility. These positive factors are partially offset by the small absolute size of the company, which operates in the relatively small Gulf Cooperation Council (GCC) market of Bahrain (BBB/Watch Neg/A-3), and its only adequate capitalization at the current level. TIC has a good earnings record, from both its takaful (Islamic insurance) fund in terms of underwriting performance-- reflected in the increasing surplus in both the general and life policyholders' funds--and the overall shareholders' return on a conventional accounting basis. In Standard & Poor's Ratings Services' view, technical earnings are likely to improve as the currently strong business growth delivers increasing...
Companies mentioned in this report are: Takaful International Co. BSC,Bahrain (Kingdom of)
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Takaful International Co. BSC,Bahrain (Kingdom of)