AM Best Affirmed Credit Ratings for Solunion
The ratings agency maintained a stable outlook for the credit insurer after assessing its financial performance.
Updated on Sept. 30, 2026 in Financial Services
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AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of a+ for Solunion. These ratings reflect the company's strong balance sheet and consistent operating performance.
Why it matters
The affirmation underscores confidence in Solunion's risk management and the support it receives from its major shareholders. This stability provides assurance to stakeholders regarding the insurer's capacity to meet its obligations.
Solunion recorded a 14.2% return-on-equity at year-end 2025 and a profit before tax of EUR 34.5 million during the same year. The insurer operates as a 50-50 joint venture between its two parent companies.
The players
AM Best
This is a global credit rating agency that specializes in the insurance industry and provides analytical insights into the financial health of insurance companies.
Solunion
Solunion is a credit insurance provider established as a joint venture that offers risk management solutions for businesses in Spain and Latin America.
Mapfre
Mapfre is a major multinational insurance company headquartered in Spain that provides a wide range of insurance, reinsurance, and financial services.
Allianz Trade
Formerly known as Euler Hermes, this company is a leader in credit insurance and is a subsidiary of the global financial services firm Allianz SE.
The details
Solunion benefits from strategic and operational integration with its parent firms, Mapfre and Allianz Trade, alongside structured reinsurance arrangements. The firm maintains a diversified portfolio with significant operations in Spain and across Latin America.
Timeline
At year-end 2025, the company's risk-adjusted capitalisation was at its strongest level.
Solunion reported a 14.2% return-on-equity for the full year 2025.
The insurer achieved a profit of EUR 34.5 million throughout 2025.
Strong year-to-date results were reported by the firm in 2026.
AM Best officially affirmed the credit ratings on September 30, 2026.
Market Landscape
The affirmation follows the standards for capital adequacy established under the Solvency II regulatory framework. This rating move solidifies Solunion's standing within the competitive landscape of international credit insurance.
Clients and business partners can expect continued service stability and financial reliability from the insurer. The stable outlook indicates no immediate anticipated changes to the company's risk profile for current policyholders.
The takeaway
The sustained A-level ratings highlight the importance of parent-company support for joint ventures in the credit insurance sector. Investors and clients should monitor subsequent quarterly disclosures for updates on the firm's profitability trends.
Further reading
For more on industry benchmarks, visit the Financial Services section.
Source note: This article includes information reported by Ambest.
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