OREANDA-NEWS. National Rating Agency has assigned its ‘AAA’ financial strength rating to VTB Insurance LLC. The outlook for the rating is Stable. It is the first time that VTB Insurance LLC is rated by NRA.

The rating reflects the high the level of commitment on the part of the company’s owner, VTB Insurance’s growing written premiums, well-developed regional network, profitable operating results and the reliable reinsurance capacities at the company’s disposal.

The rating is constrained by VTB Insurance’s concentrated business profile, with one customer accounting for 23% of written premiums, and declining solvency margin (at Sep. 30, 2015, actual solvency margin exceeded the regulatory minimum by 24.7% as a result of changes in the calculation method).

NRA’s analytical products, including ratings and the contents of this press release, are statements of NRA’s independent opinion as of the date they are expressed and not statements of fact or recommendations to make any investment decisions or conduct any stock market transactions. NRA is not responsible for any results obtained from the use of opinions and/or information contained in this press release.

While NRA has obtained information from sources it believes to be reliable, NRA does not guarantee that this information is perfectly correct, complete and accurate, as it does not perform an audit or undertake any duty of due diligence or independent verification of any information it receives.