{"id":12161,"date":"2026-05-28T01:26:00","date_gmt":"2026-05-27T23:26:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=536c063716fc718f14af386f4c2e32c8"},"modified":"2026-05-28T01:26:00","modified_gmt":"2026-05-27T23:26:00","slug":"am-best-affirms-credit-ratings-of-instituto-nacional-de-seguros","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=12161","title":{"rendered":"AM Best Affirms Credit Ratings of Instituto Nacional de Seguros"},"content":{"rendered":"

MEXICO CITY--(BUSINESS WIRE)--#insurance<\/a>--AM Best <\/b>has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \u201ca\u201d (Excellent) of Instituto Nacional de Seguros (INS) (San Jose, Costa Rica). The outlook of these Credit Ratings (ratings) is stable.<\/p><\/a><\/a>

\nThe ratings reflect INS\u2019 balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management (ERM).<\/p>

\nINS\u2019 risk-adjusted capitalization remains at the strongest level, as measured by Best\u2019s Capital Adequacy Ratio (BCAR), and is supported by a comprehensive and adequate reinsurance program, solid operating performance and its position as the leading insurer in Costa Rica. INS\u2019 business profile assessment considers the characteristics of Costa Rica\u2019s market, derived from the country\u2019s Insurance Law of 2008, and includes INS\u2019 robust market share and the guarantee provided by Costa Rica\u2019s government to support INS\u2019 domestic obligations.<\/p>

\nINS is Costa Rica\u2019s largest insurer with a market share of 62%, as of December 2025. The company continues to dominate the compulsory workers\u2019 compensation and mandatory auto insurance segments despite the market opening to other participants several years ago.<\/p>

\nIn 2025, INS reported moderate premium growth, while claims increased compared with the previous year, in line with broader market trends. Although the combined ratio deteriorated relative to the prior year, it remained consistent with historical ranges, supported by stable expense ratios and continued underwriting discipline following portfolio adjustments implemented in recent years.<\/p>

\nInvestment income, based on the company\u2019s conservative investment portfolio, contributed to a net income of USD 108 million at year-end 2025, providing a solid growth for its capital base, despite market volatility.<\/p>

\nAM Best expects INS to continue improving and consolidating its business by implementing its strategy progressively, which should offset increased competition in the voluntary segments. The company is in a good position to maintain its risk-adjusted capitalization at the strongest level, as measured by BCAR, due to its good profitability, appropriate ERM practices and adequate reinsurance with highly rated international reinsurers, which provides a buffer for variations in claim severity and catastrophe events.<\/p>

\nNegative rating actions could result if there is a sustained deteriorating trend in INS\u2019 underwriting and operating performance either as a result of losses or implementation risk of the business strategy. While unlikely, positive rating actions could occur as result of a sustained strengthening of its profitability and operational efficiency metrics.<\/p>

\nThis press release relates to Credit Ratings that have been published on AM Best\u2019s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best\u2019s <\/b>Recent Rating Activity<\/b><\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view <\/b>Guide to Best\u2019s Credit Ratings<\/b><\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary <\/b>Credit Assessments and AM Best press releases, please view <\/b>Guide to Proper Use of Best\u2019s Ratings & Assessments<\/b><\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nFrida Garc\u00eda<\/b>Associate Financial Analyst<\/b>+52 55 1102 2720, ext. 133<\/b>frida.garcia@ambest.com<\/a>\nAlfonso Novelo<\/b>Senior Director, Analytics<\/b>+52 55 1102 2720, ext. 107<\/b>alfonso.novelo@ambest.com<\/a>\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a>\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

MEXICO CITY–(BUSINESS WIRE)–#insurance–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of \u201ca\u201d (Excellent) of Instituto Nacional de Seguros (INS) (San Jose, Costa Rica). The outlook of these …<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12161","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/12161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12161"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/12161\/revisions"}],"predecessor-version":[{"id":12162,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/12161\/revisions\/12162"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}