AM Best Affirms Credit Ratings of Royal Bank of Canada Insurance Company Ltd.

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โดย AM Best·Read original
Summary · why it matters

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of "a+" (Excellent) of Royal Bank of Canada Insurance Company Ltd., with a stable outlook. The ratings reflect the company's very strong balance sheet strength, strong operating performance, neutral business profile, and appropriate enterprise risk management. Royal Bank of Canada Insurance Company Ltd. is a profitable subsidiary of Royal Bank of Canada, the largest bank in Canada by market capitalization, and reported total net income of CAD 707.8 million driven by a strong insurance service result of CAD 700.8 million. The parent bank holds approximately CAD 139 billion of IFRS equity and over CAD 2.3 trillion in assets as of fiscal year-end 2025, though it does not guarantee support for the subsidiary.

Impact on stocks 2

Financials▲ · 1 stocks
Royal Bank of Canada
RY
▲ PositiveCapitalrelevance

Affirmation of subsidiary's strong ratings reflects positively on parent's financial strength and risk management.

Real Estate▲ · 1 stocks

Off-coverage companies 1

Royal Bank of Canada Insurance Company Ltd.Private▲ Positive
Capitalrelevance

AM Best affirmed its A (Excellent) ratings with stable outlook, citing very strong balance sheet and strong operating performance.

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