AM Best Revises Outlooks to Positive and Affirms Credit Ratings of Aseguradora General, S.A.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Aseguradora General, S.A. (AGen) (Guatemala).
The Credit Ratings (ratings) reflect AGen’s balance sheet strength, which AM Best assesses as strongest, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management (ERM).
The positive outlooks reflect AM Best’s expectation that AGen will continue the positive trend in bottom-line results, reflective of underwriting adjustments, while maintaining supportive balance sheet strength.
AGen was established in 1967 and is the sixth-largest insurer operating in Guatemala. As of year-end 2025, the company reported USD 105 million in direct premium, with a market share of 7.3%. The company underwrites a mixed portfolio of life and non-life business, with its retained premium distributed among major medical expenses, auto, life and a mix of property/casualty (P/C). AM Best assesses AGen’s business profile as neutral, supported by its importance within its domestic market, but limited by its geographic and product concentration.
