[RATING] Fidelidade Macau retains Moody’s A3 Insurance Financial Strength Rating (IFSR)

Macao, February 11, 2022 – About one year ago, on January 11, 2021, the solid and sound performance of Fidelidade Macau – Insurance Company Limited (Fidelidade Macau) was acknowledged by one of the world’s top ratings agencies, Moody’s Investors Service (Moody’s), by assigning to Fidelidade Macau an A3 insurance financial strength rating  with a stable outlook, reflecting their expectation that the company would maintain its robust level of risk-adjusted capitalisation in the next 12-18 months. One year after, the same credit rating has been confirmed, highlighting the company’s strong underwriting profitability and capitalization, along with its prudent investment allocation.

Commenting this achievement, Mr. Paulo Barbosa, Chief Executive Officer at Fidelidade Macau: “Such important accomplishment confirms the company’s remarkable performance in 2020 and 2021 despite the business environment characterized by the COVID-19 pandemic. Our commitment remains intact with our dedicated staff, partners and especially our shareholders for their investment and continued support. Great challenges are coming, and we maintain our focus to serve our customers with high-quality and innovative products and services”.

Mr. Ivan Cheung, Executive Director also took the opportunity to comment: “This impressive result certifies the comprehensive strategy we have been following, focused on new products, both for onsite and online channels in close cooperation with our strategic partners.”

The credit rating assigned to Fidelidade Macau by Moody’s, one of the most reputable international rating agencies, continues as a remarkable milestone for the Company and for the Macao Special Administrative Region.

Founded in 1808, Fidelidade is the leading composite insurer in Portugal, with a market share of 29.1% in 2021, and is present in Angola, Cape Verde, Mozambique, Spain, France, Macao, Peru, Bolivia, Paraguay, and Chile. The Fitch rating agency has classified Fidelidade with an "A stable (IFS)" and "A-stable (IDR)" rating, one of the highest in the national corporate panorama, highlighting the Company's high capitalisation, namely its solvency ratio and the solidity of its investment portfolio.

With 2.3 million customers in Portugal and more than 7 million worldwide, Fidelidade conducts its activity with a "Customer Centric Approach" strategy and, through a distribution network and channels of high dimension and capillarity, guarantees consumers an integrated and personalised experience, regardless of the channel used.

Fidelidade is guided by values that have always defined it: experience, innovation, overcoming and proximity, and this year it was re-elected Consumer Choice in the category of "Insurers", "Trusted Brand" and Most Reputed Insurer in Portugal.

In the Macao SAR, Fidelidade Macau is duly authorized to perform insurance businesses since 1999. Throughout this 23 years, Fidelidade Macau has been serving its clients with the highest quality standards of insurance services for the protection of individual customers and companies, playing an extraordinary role in areas of social responsibility namely in the protection of lives, property, and people's well-being, safeguarding the stability of society, insuring key infrastructure development projects, boosting economy and providing its customers with an attractive and innovative offer.

Together, in protection, care, and health, adding efforts and multiplying wills to serve more and better our customers.

This is the spirit that has guided Fidelidade for over 200 years!

So that life doesn’t stop

https://www.fidelidade.com.mo/