OREANDA-NEWS. 'Expert RA' rating agency confirmed 'ARTEX' insurance company reliability rating A, which means high reliability, with the stable outlook. The rating sub-level is three.

Such factors as the high current ratio and the high adjusted net insurance liquidity ratio, the absence of major risks in retention and low payables in relation to assets had a positive impact on the rating.

Low investment portfolio liquidity, the high combined net loss ratio, high operating costs and the negative technical result in motor hull insurance for 2012 did not allow assigning a higher rating.