AM Best Affirms Credit Ratings of Dorinco Reinsurance Company [Yahoo! Finance]
Dow Inc. (DOW)
Last dow inc. earnings: 4/30 06:00 am
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US:NYSE Investor Relations:
dow.com/en-us/about-dow/our-company/investor-presentations
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Source: Yahoo! Finance
The ratings reflect Dorinco's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. Dorinco is a wholly owned subsidiary of Liana Limited, which is ultimately a wholly owned subsidiary of Dow. The very strong balance sheet strength assessment is supported by Dorinco's risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR), which remains at the strongest level. Dorinco has exhibited a track record of overall positive reserve development, conservative investment strategy and a good liquidity profile, which are enhanced by its ultimate parent, Dow Inc., which provides financial flexibility. The ratings also reflect Dorinco's operating performance, which AM Best assess as adequate. The company's historically favorable operating performance continued to improve through 2023, with combined ratio staying below 100 for two consecutive yea
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