PACIFIC CREDIT RATING (PCR) UPGRADES NORTHERNLIGHT REINSURANCE GROUP’S FINANCIAL STRENGTH RATING TO “AA+” FROM “AA” AND REVISES OUTLOOK TO “STABLE” FROM “POSITIVE” FOR THE AMERICAS REGION FOR THE PERIOD ENDING DECEMBER 31, 2025

June 4, 2026, Nevis, St. Kitts and Nevis – Northernlight Reinsurance Group Inc., an international reinsurance company based in Nevis, St. Kitts and Nevis, announced today that Pacific Credit Rating (PCR) has upgraded its Financial Strength Rating (FSR) to RE AA+ from RE AA and revised its Outlook to Stable from Positive for the period ending December 31, 2025. Both the upgraded FSR and revised Outlook apply to the Americas Region. The rating action reflects Northernlight’s robust business model, consistent premium growth across multiple lines, stable loss ratios, and strong liquidity and capitalization.

Per PCR: “The rating is based on the business model in which the company retains almost one hundred percent of the risk, as well as the reinsurer’s experience in the international market. This has a positive impact on the constant growth of written premium income focused on property insurance, marine insurance, followed by the surety line. Complemented by stable loss ratios, the institution reflected adequate levels of profitability and liquidity, as well as low levels of indebtedness.”

Northernlight began operations in February of 2015 and has subsequently received, for the six-month periods beginning December 31, 2021and ending December 31, 2025, ratings only in the AA/AA+ Rating category with Stable or Positive Outlook. PCR provides the following rating categories for insurance and reinsurance companies: AAA (the highest rating category), AA, A, BBB, BB, B, C, D, E (the lowest).

The AA rating category corresponds to those entities judged to have a very high capacity to pay their obligations in the agreed terms and time frames, and who would not likely be affected strongly by changes in the entity, industry, or economy. Their safety factors are strong while the risk is modest. A rating can be supplemented by means of a “+” sign or a “-” sign, improving or somewhat lessening a rating within a particular rating category.

Northernlight is a privately held reinsurer with over 150 cedants across 86 countries. and has senior executives who are highly experienced in insurance, reinsurance, bonds, and capital markets. NLRe specializes in facility reinsurance, facultative reinsurance and treaty reinsurance produced from the following business areas: Marine Reinsurance, Surety Reinsurance, Property Reinsurance, Casualty Reinsurance, Energy Risk, Surety and other Bonds and Aviation Risk.

Pacific Credit Rating is one of the leading international rating agencies in Latin America, operating in 11 countries and boasting more than 500 clients from 5 continents. PCR is one of only 11 rating agencies in the world which is qualified as a Nationally Recognized Statistical Rating Organizations (NRSRO) granted by the Securities and Exchange Commission (SEC) in the US, Currently, PCR has offices in Bolivia, Ecuador, Perú, El Salvador, Costa Rica, Panamá, Guatemala, México, Nicaragua, Honduras, and the Dominican Republic.