The Surety operation presented an annual growth of 5.2% at the end of the second quarter of 2022, as reported by the National Insurance and Bond Commission (CNSF).
Likewise, the agency reported that the sector presented a Combined Index of 57.5%, a figure 4.7 pp lower than that reported at the end of the second quarter of 2021.
Within the sector, the main driver was Administrative Bonds, which grew 7.1% due to the recovery of the construction sector. The Credit branch increased by 21.4%, Loyalty presented a decrease of 3.1% due to the contraction of the postpaid telephony market, while the Judicial Bonds branch contracted 2.6%, compared to the results of the same period of the previous year.
The year-on-year growth in Investment in non-residential construction drove the increase in Administrative Bonds, while the increase in fuel demand caused Credit Bonds (from Pemex to gas stations) to return to their pre-pandemic levels.
Finally, the sector reported an increase in direct premium, going from 5.4 trillion pesos to 6.2 trillion pesos.
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