The outlook for both ratings remains stable, said A.M. Best in a statement issued today in Hong Kong.
As measured by Best's Capital Adequacy Ratio (BCAR), the rating affirmations reflect CTIM's strong operating performance and business profile in the Macau non-life market, as well as supportive risk-adjusted capitalization.
CTIM has demonstrated a favorable track record of profitable underwriting and investment results.
The performance was mainly driven by a more stable trend in net loss ratio compared with its local peers, which reflected the company's strategy of profitable business growth, product diversification and its claims management capability.
Going forward, it is expected that CTIM's premium generation will continue to benefit from its balanced distribution across banks, agents, brokers and direct channels, as well as established relationships with Mainland China enterprises.
Partially offsetting rating factors include the potential volatility on its operating results due to market value movements in the company's investments in mutual funds, equities and corporate bonds.
--BERNAMA
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