OREANDA-NEWS. National Rating Agency has assigned its ‘BBB+’ reliability rating to Util Armeets Insurance Company LLC.

The rating benefits from the insurer’s strengthening market position, sufficient immediate liquidity and shareholder support.

The insurer’s reliability is pressured by its poorly balanced insurance portfolio (with motor insurance presenting 85% of the total), growing combined ratio (120% as of Apr. 1, 2015), low profit margin (less than 1% over the past two years), modest capitalization, weak solvency position (actual solvency margin was only 21% above the regulatory minimum as of Apr. 1, 2015).