AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of Seguros G&T, S.A. (SG&T) (Guatemala).

These Credit Ratings (ratings) reflect SG&T’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

The positive outlooks point to the technical capabilities of SG&T to maintain its profitable underwriting trend and continue growing its capital base.

SG&T was established in 1947 and is the second-largest insurer in Guatemala, with a market share of 14%. The company’s product portfolio is composed mainly of property/casualty (66.2%), accident & health (22.4%) and life (7.2%), and 4.2% in surety as of December 2025. SG&T holds very competitive positions across most lines of business within Guatemala’s insurance industry due to its permanence and brand recognition.

SG&T is owned privately by GTC Investments, Ltd. (GTC), the non-operating holding company of the Grupo Financiero G&T Continental financial conglomerate.

AM Best assesses SG&T’s business profile as neutral, based on the company’s top market position, brand recognition and experienced management. AM Best recognizes SG&T’s technical capabilities to produce favorable results, uninterrupted during the past five years. The company’s technical and managerial capabilities continue to support its strategy in its core segment while continuously looking to diversify into profitable lines.

AM Best assesses SG&T’s balance sheet strength at the strongest level, due to its capacity to protect its balance sheet, as reflected in AM Best’s risk-adjusted capitalization assessment of strongest, as measured by Best’s Capital Adequacy Ratio (BCAR). These factors are driven by sound capital management, including its comprehensive reinsurance program, conservative investment portfolio and appropriate asset liability management practices. The company reports consistently profitable results, which are reflected in its growing capital base.

AM Best considers SG&T’s operating performance as adequate, as technical results for year-end 2025 remained positive, backed by improvements in most of its business lines. The adequate assessment also considers the company’s efforts to continue creating savings and efficiencies on the expense side while aiming to improve underwriting quality. AM Best will continue to monitor SG&T’s operating performance, as the competitive environment in Guatemala’s market continues to evolve.

Positive rating actions could take place if the company’s operating performance continues to trend positively while maintaining its current risk-adjusted capitalization level. Negative rating actions could take place if the company’s risk-adjusted capitalization deteriorates due to significant erosion of its capital base, either for extensive dividend payments or substantial catastrophe events.

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AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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