One of Australia's largest multiline insurers with strong market positions across personal and commercial property&casualty insurance AAI's earnings profile is resilient benefiting from a well-developed suite of brands in Australia Solid capital adequacy buffer maintained P&C operations are materially exposed to natural peril events Forms part of group that comprises entities with lower ratings Our 'A+' insurer financial strength and issuer credit ratings on AAI Ltd. (AAI) reflect the company's solid underwriting earnings from market-leading brands across Australia's property and casualty (P&C) lines. Solid capital adequacy, a relatively low risk investment portfolio, and well-developed reinsurance arrangements are also supportive of the credit profile. We deduct one notch from the stand-alone credit strength to arrive at our final rating,
