...Largest Insurer in Peru: RIMAC Seguros y Reaseguros (Rimac) is Peru's largest insurance company, with a solid leadership position in both the non-life and life insurance segments, with 27% of the industry's total retained premiums. Similarly, Rimac's net profits represented 21% of the industry's bottom line as of December 2015. Increasing Leverage: Leverage continues to rise, reaching 6.3x in December 2015 due to the company's growth in the annuity segment and the depreciation in the book value of investments available for sale and derivatives. While leverage has increased, it is still below the industry's local and regional average. Fitch Ratings recognizes the shareholders' commitment, which is reflected in continued capital injections that have supported the company's growth. Positive Net Results: The company's net income largely depends on the stability and volume of its financial income. The latter reached PEN367 million (USD108 million) as of December 2015, in line with previous years'...
