Egyptian Takaful Properties and Liabilities Insurance Company (Egyptian JSC)

BestLink

AMB #: 094288

Administrative Office
56 Gameat El-Dewal El-Arabia St., Giza, Egypt.
GIZA,

Egypt

Web: www.egtak.com

Phone: 20-2-3332-9100

Fax: 20-2-3332-9103

View Additional Address Information

Domiciliary Address
56 Gameat El-Dewal El-Arabia St., Giza, Egypt. Mohandeseen
Giza,
Egypt

Assigned to insurance companies that have, in our opinion, a fair ability to meet their ongoing insurance obligations. Financial strength is vulnerable to adverse changes in underwriting and economic conditions.

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Best's Credit Ratings

Financial Strength View Definition

Rating (Rating Category):	B- (Fair)
Outlook (or Implication):	Stable
Action:	Affirmed
Effective Date:	August 14, 2024
Initial Rating Date:	July 29, 2024

Long-Term Issuer Credit View Definition

Rating (Rating Category):	bb- (Fair)
Outlook (or Implication):	Stable
Action:	Affirmed
Effective Date:	August 14, 2024
Initial Rating Date:	July 29, 2024

National Scale View Definition

Rating (Rating Category):	aa+.EG (Superior)
Outlook (or Implication):	Stable

Financial Size Category View Definition

Financial Size Category:

VI (USD 25 Million to Less than 50 Million)

u Denotes Under Review Best's Rating

Best's Credit Rating Analyst

Rating Office: A.M. Best Europe - Rating Services Ltd.

Senior Financial Analyst: Stanislav Stoev, ACCA, CFA

Associate Director-Analytics: Jessica Botelho-Young, CA

Note: See the Disclosure information Form or Press Release below for the office and analyst at the time of the rating event.

Note: Credit Ratings on this company are European Union Endorsed Please note, AM Best does not endorse National Scale Ratings.

Disclosure Information

Disclosure Information Form
View AM Best's Rating Disclosure Form

Press Release
AM Best Affirms Credit Ratings and Assigns National Scale Rating to Egyptian Takaful Property & Liability Insurance Company (Egyptian Joint Stock Company)
August 14, 2024

Rating History

A.M. Best has provided ratings & analysis on this company since 2024.

Financial Strength Rating

Effective Date	Rating
August 14, 2024	B-
July 29, 2024	B-

Long-Term Issuer Credit Rating

Effective Date	Rating
August 14, 2024	bb-
July 29, 2024	bb-

Best's Credit & Financial Reports

Best's Credit Report - financial data included in Best's Credit Report reflects the data used in determining the current credit rating(s).

Best's Credit Report - Archive - reports which were released prior to the current Best's Credit Report.

Best's Financial Report - financial data included in Best's Financial Report reflects the most current data available to AM Best, including updated financial exhibits and additional company information, and is available to subscribers of Best's Insurance Reports.

Best's Financial Report - Archive - reports which were released prior to the current Best's Financial Report.

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Press Releases

Date	Title


Aug 14, 2024	AM Best Affirms Credit Ratings and Assigns National Scale Rating to Egyptian Takaful Property & Liability Insurance Company (Egyptian Joint Stock Company)
Jul 29, 2024	AM Best Assigns Credit Ratings to Egyptian Takaful Property & Liability Insurance Company (Egyptian Joint Stock Company)