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0 0.00048095421315888 -9.61908426318307E-05 -0.0016352443247403 -0.00144286263947678 -0.00274143901500588 -0.00413620623316667 -0.00351096575606011
Stock impact report

AM Best Affirms Credit Ratings of Royal Bank of Canada Insurance Company Ltd. [Yahoo! Finance]

Royal Bank Of Canada (RY) 
Last royal bank of canada earnings: 2/21 06:00 am Check Earnings Report
US:NYSE Investor Relations: rbc.com/investorrelations/index.html
Company Research Source: Yahoo! Finance
of "a+" (Excellent) of Royal Bank of Canada Insurance Company Ltd. (RBCICL) (Cayman Islands). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect RBCICL's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. RBCICL is owned ultimately by Royal Bank of Canada (RBC), the largest bank in Canada as measured by market capitalization. The parent bank is a strong organization with approximately CAD 118 billion of IFRS equity at financial year-end 2023 and CAD 2 trillion in assets. The group earned approximately CAD 14.9 billion in net income on CAD 56 billion in revenue in fiscal-year 2023. AM Best notes that RBC does not guarantee support, but may at its discretion provide additional capital should RBCICL need capital to maintain its risk-adjusted capitalization level, as measured by Best's Capital Adequacy Ratio (BCAR). In fiscal-year 2023 Show less Read more
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