Fitch upgrades Euroins Insurance outlook to positive

Fitch Ratings has upgraded the Insurer Financial Strength (IFS) outlook for Euroins Insurance Company AD from stable to positive, while confirming its current 'BB-' rating. The upgrade reflects the company's strengthened capital position, improved technical reserve formation practices, and its leading position in the Bulgarian insurance market.

The positive outlook follows a group-level restructuring in the second half of 2026, during which ownership of Euroins transferred from Eurohold Bulgaria AD to Starcom Holding AD.

Key financial highlights from the Fitch report include enhanced underwriting performance and profitability, with a calculated combined ratio of 91% in the first half of 2026. Net profits rose to 9.61 million euros in 2025, compared to 2.86 million euros in 2024. Additionally, the company's capital base grew to 117.6 million euros by the end of 2025, supporting a Solvency Capital Requirement (SCR) coverage ratio of 141% at that time and 129% in the first half of 2026.