Entries by Marian Albano

,

Nat Re posts net profit of P157 million in 2019

The national reinsurer delivers sixth straight year of positive net profit National Reinsurance Corporation of the Philippines or Nat Re (stock ticker NRCP) posted P157 million in net income in 2019. This result is on the back of underwriting income of P136 million, marking the company’s fifth straight year of positive underwriting profits, and P349 […]

Nat Re Receives Investment Grade Rating

The National Reinsurance Corporation of the Philippines (Nat Re), the Philippines’ sole domestic professional reinsurer, was assigned a financial strength rating of PRS A by the Philippine Rating Services Corporation (PhilRatings). A PRS A rating means that an insurer has strong financial security characteristics, but is somewhat more likely to be affected by adverse business […]