04 Jan 2024: Fitch Ratings has assigned JSC Halyk Insurance Company (Halyk Insurance) an Insurer Financial Strength (IFS) Rating of 'BBB-' and a National IFS rating of 'AA+'(kaz). The Outlooks are Stable.

The ratings reflect Halyk Insurance's leading position in the Kazakh insurance market, strong capitalisation, good financial performance and moderate investment risk. Halyk Insurance's IFS rating is constrained by the IDR of its parent, JSC Halyk Bank (BBB-/Stable).