OREANDA-NEWS. National Rating Agency has affirmed its 'BBB+' reliability rating on EUROINS RIC LLC with a stable outlook. The company was assigned NRA's individual reliability rating of 'BBB+' in September 2013. The rating was affirmed at the same level in February 2015.

The rating is underpinned by the company's increasing written premiums, insurance portfolio diversification by insurance line, its distribution network and improving reinsurance protection.

Offsetting these strengths are EUROINS's declining authorized capital, modest capitalization, growing receivables level and low profitability (less than 0.6% as of p. 30, 2015).