ACRA affirms ААА(RU) to JSC Russian National Reinsurance Company, outlook Stable. The first rating was affirmed in 2017. Since then ACRA has been affirming AAA (RU) to RNRC due to “Company’s very strong business and financial profile as well as high management quality”.
Russian National Reinsurance Company Joint-Stock Company was established pursuant to Federal Law No. 363-FZ dated July 3, 2016 “On Amending the Law of the Russian Federation ‘On Organization of Insurance Business in the Russian Federation’" by decision of the Board of Directors of its sole founding member, the Central Bank of Russia, who owns 100 percent of the company stock. The Company’s paid-up authorized capital is RUR 21.3 billion. Reinsurance License PS No. 4351 dated October 12, 2016. ACRA rating: ААА (RU), Stable outlook. Fitch rating: BBB (Stable outlook). In 2017, RNRC posted RUR 7.6 billion in premiums.