Fitch Ratings confirmed the financial strength rating of insurance companies Provide Life and Allow Risques Divers “A”. The rating agency also confirmed the rating to “A -” Central Company Provide , the holding company of the family group, with a stable outlook
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According to the agency, the rating of the three entities “reflects the capital strength and ability to generate profits resilient.” The agency, however, points to the small size, lack of geographic diversification and rather large exposure to equities and real estate investments.
€ 43 million in revenue in 2014
The capital Provide Life and Provide Risques Divers cover respectively 5.8 times and 14.5 times the regulatory minimum required by s olvabilité 2 with the unrealized gains (1.3 times and 8, 8 out unrealized gains).
According to Fitch, the two companies continue to generate strong revenues, although slightly down in 2014 to € 43 M against € 46 million in 2013.
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