AM Best affirms Bahrain National Insurance Company's rating

AM Best has confirmed Bahrain National Insurance Company's (BNI) "B++" (good) financial strength and "bbb+" long-term credit ratings. The outlook is stable.

According to the rating agency, the company's operating performance is strong, with a five-year (2017-2021) average combined ratio of 93% and a return on equity (ROE) of 14%.

With a turnover of 27 million BHD (72.1 million USD) in 2021, BNI stands as one of the largest insurance companies in Bahrain.

The rating also reflects the Bahraini insurer's strong balance sheet and its appropriate business risk management.