OREANDA-NEWS. National Rating Agency has affirmed its reliability rating on Companion IG LLC at 'AA-'.

The rating affirmation for Companion IG reflects its strengthened position in different market segments, including non-motor insurance, growing capital, better balanced insurance portfolio, improving solvency metrics, persistently adequate motor hull expense ratio and well-developed rational network.

The reliability rating is constrained by the insurer's low profitability (less that 0.1% over the past two years), investment portfolio deteriorating quality and growing business expenses.