Strong financial profile, with earnings and capitalization both still strong despite downturn Good overall business profile, with particularly good competitive position The group is steadily creating a satisfactory track record in its relatively new and enlarged configuration Although investments remain good, over a third of group assets are in potentially volatile shares and property The group remains highly dependent on its Tunisian reinsurance subsidiary, B.E.S.T. Reinsurance Co., for premium volume and underwriting income The ratings on Salama/Islamic Arab Insurance Co. (P.S.C.) (Salama/IAIC) of Dubai, United Arab Emirates (UAE), reflect its strong financial and good business profiles, which are based on reasonably strong earnings, capitalization, and liquidity; a good, increasingly diversified competitive position; and good investments and financial flexibility. Together with
