A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICR of "a" of LocalTapiola General Mutual Insurance Co. (LocalTapiola) (Finland). The outlook of the FSR remains stable.
The ratings reflect LocalTapiola's strategic importance to and integration within LocalTapiola Group (the group), which includes LocalTapiola, 20 regional non-life insurance companies in Finland, LocalTapiola Life, and other service and investment-related companies.
The ratings are underpinned by the group's consolidated balance sheet strength, which A.M. Best categorises as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
