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

The higher rating reflects the group’s improved capitalization and solvency as well as expectations for positive financial performance and increased adequacy of reserves

Athens, 16 October 2025 -  Fitch Ratings, one of the leading rating agencies worldwide, upgraded the Insurer Financial Strength (IFS) Rating of Insurance Company Euroins AD, 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 EUR 89.5 million, as a result of which the group's capital base more than doubled to 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. 

The General Manager of Euroins Greece, Ms. Angeliki Mouratidou, stated:

“The upgrade by the international rating agency Fitch is a clear confirmation of the financial strength and strategic stability of Euroins Group, as well as the confidence shown to us by the international market.

At Euroins Greece, we proceed with confidence, investing in innovation, reliability, and continuously enhancing our relationships with customers and partners.”

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