The financial strength of Ocaso, without a doubt is one of its main values.The Company's own funds as of December 31, 2016 under the Solvency II rules amount to 1,135 million euros, being 3.23 times higher than the required Solvency Capital and, when compared to the minimum capital requirement represents 9.71 times its value. In this way, Ocaso has maintained a privileged position for many years ahead of its competitors.
The prestigious firm A.M. Best (www.ambest.com), a specialist in the analysis and qualification of the solvency and creditworthiness of insurance and reinsurance companies, has highlighted the financial strength of Ocaso and has awarded it with an A (Excellent) rating.
The risk selection policies of Ocaso has been translated, for years, into a significant net benefit. The pre-tax profit for 2016 was 87 million euros, with a turnover of 950 million euros.
The share capital amounts to 310 million euros. In summary, the good results obtained by Ocaso confirm once again the validity of its business independence, solvency margins and financial strength, profitable growth and quality in care and service to its policyholders.
In the following link you can download the report (in Spanish) on the Financial and Solvency Situation of Ocaso where you will be able to consult the main key aspects of the activity, results, corporate governance, profile and assumed risk management and capital management.