AM Best Assigns Harel Insurance "A" (Excellent) Financial Strength Rating
AM Best has assigned Harel Insurance Company, an Israeli insurer, a Financial Strength Rating (FSR) of "A" (Excellent) and a Long-Term Issuer Credit Rating (ICR) of "a" (Excellent), with a Stable Outlook.
AM Best, a global credit rating agency specializing in the insurance industry, has assigned Harel Insurance Company an "A" (Excellent) Financial Strength Rating and an "a" (Excellent) Long-Term Issuer Credit Rating. The outlook for both ratings is Stable.
This rating makes Harel the sole Israeli company to receive this highest level of recognition. AM Best cited Harel's very strong balance sheet strength, strong operating performance, neutral business profile, and appropriate enterprise risk management as key factors for the assessment.
The newly assigned "A" rating from AM Best complements Harel's existing "A-" rating from S&P Global Ratings, further validating the company's financial strength and stability on an international level.
Harel Insurance Investments and Financial Services Ltd. is a leading Israeli insurance, financial services, and asset management group listed on the Tel Aviv Stock Exchange. The company is Israel's largest insurer across health, life, and non-life segments.