Fitch Publishes 'Mexican Insurers: 2013 Financial Ratios'

SAN SALVADOR, El Salvador--()--Fitch Ratings published its quarterly report 'Mexican Insurers: 2013 Financial Ratios', which provides a summary of key financial ratios for the insurance and retirement plan companies operating in Mexico.

This new regular publication, based on public information submitted by companies to the Comision Nacional de Seguros y Fianzas, shows in a simplified manner the trends observed for key financial metrics in the Mexican insurance and retirement industry. The report lists 10 financial ratios for each of the 114 companies that operate in that market, focusing on leverage, premium coverage, liquidity, profitability and market share. The figures in this report correspond to the end of fiscal year 2013 and 2012, as well as the rolling average for the last five years. The same format will be used for future publications, which will also include interim quarterly results for the current year.

'This new quarterly publication should not only foster market transparency through the dissemination of key financial data, but also be useful for monitoring each company's financial trends within the new regulatory environment', said Franklin Santarelli, Managing Director and Head of Fitch's Latin American Insurance Group. 'This report, jointly with the Special Credit Factor 'Seguros en Mexico (Calificaciones en Escala Nacional)' recently published by Fitch are valuable tools that help understand how insurance rating criteria are applied to Mexican insurers', added Santarelli.

The report 'Mexican Insurers: 2013 Financial Ratios' is available at www.fitchratings.com and www.fitchratings.mx

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: Mexican Insurers: 2013 Financial Ratios (Adequate Technical Profitability, but Challenged by Regulatory Changes)

http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=741216

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Contacts

Fitch Ratings
Eduardo Recinos, +503 2116-6606
Senior Director
eduardo.recinos@fitchratings.com
Fitch, Centroamerica
79 Av. Sur, Col. Escalon
San Salvador, El Salvador
or
Milena Carrizosa, +57 1 326-9999
Director
milena.carrizosa@fitchratings.com
or
Johann Goebel, +57 1 326-9999
Associate Director
johann.goebel@fitchratings.com
or
Media Relations:
Elizabeth Fogerty, +1 212-908-0526
elizabeth.fogerty@fitchratings.com

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Contacts

Fitch Ratings
Eduardo Recinos, +503 2116-6606
Senior Director
eduardo.recinos@fitchratings.com
Fitch, Centroamerica
79 Av. Sur, Col. Escalon
San Salvador, El Salvador
or
Milena Carrizosa, +57 1 326-9999
Director
milena.carrizosa@fitchratings.com
or
Johann Goebel, +57 1 326-9999
Associate Director
johann.goebel@fitchratings.com
or
Media Relations:
Elizabeth Fogerty, +1 212-908-0526
elizabeth.fogerty@fitchratings.com