{"id":16278,"date":"2026-06-04T19:21:00","date_gmt":"2026-06-04T17:21:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=5c7dadcd43d940687672028c559b5d82"},"modified":"2026-06-04T19:21:00","modified_gmt":"2026-06-04T17:21:00","slug":"am-best-assigns-credit-ratings-to-insurance-company-alatau-city-garant-jsc","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=16278","title":{"rendered":"AM Best Assigns Credit Ratings to Insurance Company Alatau City Garant JSC"},"content":{"rendered":"

LONDON--(BUSINESS WIRE)--#insurance<\/a>--AM Best<\/b> has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of \u201cbb+\u201d (Fair) to Insurance Company Alatau City Garant JSC (Alatau) (Kazakhstan). The outlook assigned to these Credit Ratings (ratings) is stable.<\/p><\/a><\/a>

\nThe ratings reflect Alatau\u2019s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.<\/p>

\nAlatau\u2019s balance sheet strength is underpinned by risk-adjusted capitalisation at the strongest level, as measured by Best\u2019s Capital Adequacy Ratio (BCAR). The company's capital base provides a buffer to withstand potential volatility emanating from its underwriting activities as well as its exposure to the risk of catastrophe losses. Furthermore, the assessment reflects the company\u2019s relatively conservative investment allocation and good level of liquidity. An offsetting factor is Alatau\u2019s exposure to high levels of economic and financial system risks associated with Kazakhstan, where the company is domiciled and holds a large majority of its assets.<\/p>

\nAlatau\u2019s operating performance assessment of adequate is supported by a track record of positive overall profitability. The company achieved a return of equity of 5.6% in 2025 (2024: 0.3%), which corresponded to a net profit of KZT 2.3 billion (approximately USD 5.6 million) (KZT 0.1 billion in 2024). Alatau\u2019s technical results have been subject to volatility in part due to the company\u2019s frequently changing underwriting strategy. The company generated a net-net combined ratio of 101.1% in 2025 (2024: 126.5%) (as calculated by AM Best); however, technical losses were offset by robust investment income, resulting from the high interest-rate environment in Kazakhstan.<\/p>

\nAlatau\u2019s business profile is supportive of a limited assessment. The company is a midtier player in the Kazakhstan non-life insurance market and reported insurance revenue of KZT 37.6 billion in 2025 (approximately USD 75.1 million). While Alatau\u2019s business portfolio is subject to geographical and product concentrations, the company has undertaken steps to improve its product mix. Alatau\u2019s top line is expected to grow in the medium term as the company expands its inward reinsurance business. AM Best will monitor the execution of the company\u2019s strategy.<\/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 Recent Rating Activity<\/a> web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best\u2019s Credit Ratings<\/a>. For information on the proper use of Best\u2019s Credit Ratings, Best\u2019s Performance Assessments, Best\u2019s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best\u2019s Ratings & Assessments<\/a>.<\/b><\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specialising 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 www.ambest.com<\/a>.<\/b><\/p>

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

\nStanislav Stoev, ACCA, CFA<\/b>Senior Financial Analyst<\/b>+44 20 7397 0306<\/b>stanislav.stoev@ambest.com<\/a>\nTodor Kitin, ACA<\/b>Associate Director, Analytics<\/b>+44 20 7397 0335<\/b>todor.kitin@ambest.com<\/a><\/p>

\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":"

LONDON–(BUSINESS WIRE)–#insurance–AM Best has assigned a Financial Strength Rating of B (Fair) and a Long-Term Issuer Credit Rating of \u201cbb+\u201d (Fair) to Insurance Company Alatau City Garant JSC (Alatau) (Kazakhstan). The outlook assigned to these Cred…<\/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-16278","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\/16278","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=16278"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/16278\/revisions"}],"predecessor-version":[{"id":16280,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/16278\/revisions\/16280"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16278"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16278"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16278"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}