Concurrently, AM Best has assigned the India National Scale Rating (NSR) of ‘aaa.IN (Exceptional)’ to ICICI Lombard. The outlook of these credit ratings (ratings) is ‘stable’.

AM Best said that the ratings reflect ICICI Lombard’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.

ICICI Lombard’s balance sheet strength is underpinned by its risk-adjusted capitalisation, which is expected to remain at the strongest level over the medium term, as measured by Best’s Capital Adequacy Ratio (BCAR). The company’s robust regulatory solvency position is supported by a track record of strong internal capital generation, with shareholders’ equity having exhibited a ...

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