OREANDA-NEWS. May 27, 2015. National Rating Agency has affirmed its 'BBB' reliability rating on ROSENERGO National Insurance Group LLC (ROSENERGO NIG). At the same time,  the rating was withdrawn due to expiry of the rating contract.

The rating affirmation reflects the company’s favorable written premium trends, still adequate geographic diversification and modest combined ratio (79% as of Apr. 1. 2015). The rating is constrained by ROSENERGO NIG’s poorly balanced insurance portfolio and financial investments that are weak in terms of quality, liquid and yield.

In 1Q 2015, the company wrote RUB417.4 million in premium and paid out RUB126 million in claims, while its net income was RUB921 thousand, according to its Russian GAAP financials.