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AM Best assigns Harel Insurance A financial strength rating with stable outlook

AM Best assigns Harel Insurance A financial strength rating with stable outlook

The rating gives Harel Insurance what the company said is Israel’s only AM Best A insurer rating, adding to its existing A- grade from S&P Global Ratings.

Fact Check
The official AM Best press release distributed via Business Wire confirms every claim element: outlooks revised to negative for Safety Insurance Group and its key subsidiaries; the A (Excellent) Financial Strength Rating and issuer credit ratings affirmed; and the cited drivers—loss severity trends, weather events, and new business—weakening underwriting results. This is the authoritative primary source.
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Summary

AM Best assigned Harel Insurance Company a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of "a" (Excellent), both with a Stable Outlook, marking a new rating action for the Israeli insurer. Harel Insurance, a key insurance operating entity of Harel Insurance Investments and Financial Services, said the decision makes it the only company in Israel with this rating and the highest currently attained by financial institutions and insurance companies in Israel. AM Best said the ratings reflect Harel’s balance sheet strength, assessed as very strong, along with strong operating performance, a neutral business profile and appropriate enterprise risk management. The agency also cited Harel Group’s leading market position in Israel as a diversified financial group spanning insurance, asset management and credit activities, as well as its track record of strong profitability and financial flexibility. Harel said the AM Best A rating adds to its existing A- rating from S&P Global Ratings. Harel Insurance Investments and Financial Services, listed on the Tel Aviv Stock Exchange under HARL, said it has about NIS 630 billion in assets under management, annual premiums and deposits inflows of NIS 45.7 billion in 2025, and operations across health, life, non-life insurance, pensions, provident funds, mutual funds, ETFs, portfolio management and credit.

Terms & Concepts
  • Financial Strength Rating: A credit assessment of an insurer’s ability to meet its ongoing policy and contract obligations.
  • Long-Term Issuer Credit Rating: An opinion on an organization’s ability to meet its senior financial obligations over time.
  • enterprise risk management: A company-wide framework for identifying, assessing and managing risks across the business.