SAN SALVADOR, El Salvador--(BUSINESS WIRE)--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.
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)