Fitch Ratings affirms Misr Insurance Company's financial strength rating

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Misr InsuranceFitch Ratings has confirmed Misr Insurance Company's "AA+ (egy)" domestic financial strength (IFS) rating. The outlook is stable.

The rating reflects the company's national status, strong balance sheet, prudent investment strategy, solid capitalization, financial performance and market leadership with a 38% market share.

Fitch expects Misr Insurance Company to close the 2023 financial year with a turnover of 653 million USD.

*Financial year ending June

Read also | AM Best affirms Misr Life Insurance Company's rating

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Mon, 06/11/2023 - 09:57
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