Business Wire·Mar 12, 2026, 4:05 PM ET

AM Best Affirms Credit Ratings of Chubb Seguros de Vida Chile, S.A.

AM Best affirmed the Financial Strength Rating of A+ (Superior) & the Long-Term Issuer Credit Rating of "aa-" (Superior) for Chubb Seguros de Vida Chile, S.A.
The outlook for both ratings is stable, reflecting expectations that risk-adjusted capitalization will remain at the strongest level.
Chubb Vida Chile's balance sheet strength is assessed as strongest, supported by a conservative investment strategy, positive net income, & a highly rated reinsurance panel.
Operating performance is deemed adequate due to sound underwriting results, low claims, improving operational expenses, & consistent investment income.
The company's business portfolio is well-diversified but principally composed of credit life, with operations growing after a strategic alliance with Banco de Chile & the acquisition of Banchile Seguros de Vida, S.A.
Operations showed signs of stabilization in 2024 & continued with adequate premium sufficiency levels in 2025.
The company benefits from affiliation with parent Chubb Limited (NYSE: CB) regarding capital support, reinsurance protection, & enterprise risk management frameworks.
Negative rating actions could occur if the strategic importance to the group diminishes, or if significant losses or excessive dividend payments erode the capital base.
Positive rating actions may occur if profit generation shows a consistent upward trend compared to the strong assessment.
Chubb Vida Chile commenced operations in 2005 & serves as the Chilean life & accident & health subsidiary of the Chubb group.