OREANDA-NEWS. National Rating Agency has affirmed its individual reliability rating on SOGAZ JSC. The outlook for the rating is Stable. The bank was assigned NRA's individual 'AAA' reliability rating in December 2013. The rating was affirmed in December 2014.

The rating benefits from Sogaz's many years' operating experience, leading position in the insurance market, increasing premium income, growing market share, geographic diversification, well-balanced insurance and investment portfolios, low combined ratio, strong operating efficiency and solvency metrics and strong liquidity position.

Partially offsetting these strengths are the challenging operating environment in the insurance industry and growing currency, political and reinsurance risks.