C05250-2023 |
Title of Each Class | Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding | |
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Common Shares | 2,123,605,600 |
The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.
Subject of the Disclosure |
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Press Release: Despite the challenging environment, Nat Re managed to generate growth and positive earnings |
Background/Description of the Disclosure |
Despite the challenging environment, the National Reinsurance Corporation of the Philippines (Nat Re) managed to generate a 12% growth in gross written premiums and positive earnings in 2022. The company’s strong financial position and solid risk management have led AM Best to reaffirm its financial strength rating of B++ (Good) with a “Stable” outlook, while the Philippine Rating Services Corporation (PhilRatings) maintained its PRS A (strong financial security) with a Stable Outlook. |
Other Relevant Information |
1. This press release may contain “forward-looking statements”. Although Nat Re believes that any forward-looking statements reflected herein are reasonable, there is no guarantee of future performance that could affect Nat Re’s business and results of operations. |
Name | Jacqueline Michelle Dy |
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Designation | Vice President, Head of Risk & Compliance |