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Philippines:Nat Re's prospective underwriting results to be supported by remediation and growth

The operating performance of National Reinsurance Corporation of the Philippines (Nat Re), with a five-year average return-on-equity ratio of 2.1% (2016-2020), is assessed as adequate, notes AM Best.


Underwriting performance improved to a profitable position in 2020, driven mainly by reduced losses from the company’s non-life portfolio and robust profitability from its life reinsurance business.



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