Fitch upgraded Euroins’ IFS Rating to 'BB-' from ‘B+’ with stable outlook

On October 16, 2025 - Fitch Ratings, one of the leading rating agencies worldwide, upgraded the Insurer Financial Strength (IFS) Rating of Insurance Company Euroins AD (Euroins Bulgaria), the largest subsidiary of Euroins Insurance Group AD (ЕIG) to 'BB-' from 'B+' with stable outlook.  

The group's improved capitalization and solvency, increased adequacy of technical reserves and lower investment risk are among the key factors contributing to the higher rating. Fitch highlights Euroins' leading position in the Bulgarian market as well.

The rating agency notes that at the end of 2024, the solvency capital requirement (SCR) coverage ratio of the parent company ЕIG has reached 159% compared to 126% a year earlier. Fitch also recalls the increase in the insurance group's capital by BGN 175 million (EUR 89.5 million), as a result of which the group's capital base more than doubled to BGN 330 million (EUR 168.7 million). The technical reserves have been increasing, while the share of the risk assets in the group's balance sheet has been decreasing significantly. The expectations for the final financial result of Euroins are positive. 

Read the whole information HERE.