Provident Insurance Corporation Limited has a Financial Strength Rating of B (Fair) as accorded by the international rating agency A.M. Best Company.
The rating scale is:
Rating |
Explanation |
A++, A+ |
Superior |
A, A- |
Excellent |
B++, B+ |
Good |
B, B- |
Fair |
C++, C+ |
Marginal |
C, C- |
Weak |
D |
Poor |
E |
Under Regulatory Supervision |
F |
In Liquidation |
S |
Suspended |
Ratings from A to C also may be enhanced with a "++" (double plus), "+" (plus) or "-" (minus) to indicate whether credit quality is near the top or bottom of a category.
Provident Insurance Corporation Limited solvency capital for Non-Life Insurance for the financial year ended 31 March 2020 is:
Actual Solvency Capital | $8.137m |
Minimum Solvency Capital | $5.943m |
Solvency Margin | $2.194m |
Solvency Ratio | 137% |