Grupo Nacional Provincial, S.A. http://www.alacrastore.com/company-snapshot/Grupo_Nacional_Provincial_S_A-1030174 Tuesday, October 07, 2008 1:32:57 AM 1030174 Grupo Nacional Provincial, S.A. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/bir/505007bir/505007normGrupo Nacional Provincial S.A.MexicoInsurance: Life insurance, Fire, marine and casualty insurance, Vehicle insurance, Accident and Health insurance631163216324633152411352411452412610GMGNP9/13/2008 6:40:00 AM505007Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/spcred/652946spcred/652946normThe latest Full Report from S&Pglobal6/9/2008 6:24:13 PM400Full Report652946MexicoMulti-line InsuranceLatin AmericaEmerging MarketsGlobal IssuersInsuranceFull ReportStrong market position and brand recognition Good diversification by product Experienced management team with strong market knowledge Improved operating and financial performance Capital adequacy ratio lagging those of other similarly rated entities Bottom-line results are volatile and depend heavily on financial income Standard&Poor's Ratings Services financial strength and counterparty credit ratings on Grupo Nacional Provincial S.A.B. (GNP) reflect its strong market position, brand recognition in the Mexican insurance market, and good product diversification. The ratings also reflect GNP's experienced management team with strong market knowledge, and improvements in the company's operating and financial performance. The ratings are, however, constrained by GNP's capital adequacy ratio, which lags the ratios of other, similarly rated entities, and by volatile bottom-line results.MEX40301030 403010 4030 40Grupo Nacional Provincial, S.A.B.313983LATAMERICAEMERGINGGNP@MMFULLGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/652947spcred/652947normThe latest Summary from S&Pglobal6/9/2008 6:24:13 PM175Summary652947MexicoMulti-line InsuranceLatin AmericaEmerging MarketsGlobal IssuersInsuranceSummaryStandard&Poor's Ratings Services financial strength and counterparty credit ratings on Grupo Nacional Provincial S.A.B. (GNP) reflect its strong market position, brand recognition in the Mexican insurance market, and good product diversification. The ratings also reflect GNP's experienced management team with strong market knowledge, and improvements in the company's operating and financial performance. The ratings are, however, constrained by GNP's capital adequacy ratio, which lags the ratios of other, similarly rated entities, and by volatile bottom-line results. After the difficult year GNP experienced in 2006, the company focused on profitability rather than market share, and on the enhancement of its underwriting practices. The latter caused written premiums to decrease, pulling market share down to 13.2% in 2007 from 18.6%MEX40301030 403010 4030 40Grupo Nacional Provincial, S.A.B.313983LATAMERICAEMERGINGGNP@MMSUMMARYGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/650945spcred/650945normThe latest News from S&Pglobal5/29/2008 1:12:04 PM100News650945MexicoMulti-line InsuranceEmerging MarketsLatin AmericaGlobal IssuersInsuranceNewsMEXICO CITY (Standard&Poor's) May 29, 2008--Standard&Poor's Ratings Services said today that it affirmed its 'BBB' global scale, and 'mxAA+' national scale, financial strength and counterparty credit ratings on Mexican insurance company Grupo Nacional Provincial S.A.B. (GNP). The outlook is stable. "The financial strength and counterparty credit ratings reflect the company's strong market position, brand recognition in the Mexican insurance market, and good product diversification," said Standard&Poor's credit analyst Alfredo Enrique Calvo. "Also, GNP has an experienced management team with strong market knowledge, and the company has improved its operating and financial performance." The ratings are, however, constrained by GNP's capital adequacy ratio, which lags the ratios of other, similarly rated entities, and by volatileMEX40301030 403010 4030 40Grupo Nacional Provincial, S.A.B.313983EMERGINGLATAMERICAGNP@MMNEWSGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/650946spcred/650946normThe latest Research Update from S&Pglobal5/29/2008 1:12:04 PM175Research Update650946MexicoMulti-line InsuranceEmerging MarketsLatin AmericaGlobal IssuersInsuranceResearch UpdateOn May 29, 2008, Standard&Poor's Ratings Services affirmed its 'BBB' global scale, and 'mxAA+' national scale, financial strength and counterparty credit ratings on Mexican insurance company Grupo Nacional Provincial S.A.B. (GNP). The outlook is stable. The financial strength and counterparty credit ratings on GNP reflect its strong market position, brand recognition in the Mexican insurance market, and good product diversification. The ratings also reflect GNP's experienced management team with strong market knowledge, and improvements in the company's operating and financial performance. The ratings are, however, constrained by GNP's capital adequacy ratio, which lags the ratios of other, similarly rated entities, and by volatile bottom-line results. After the difficult year GNP experienced in 2006, the company focused on profitabilityMEX40301030 403010 4030 40Grupo Nacional Provincial, S.A.B.313983EMERGINGLATAMERICAGNP@MMRESUPDGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/608013spcred/608013normThe latest Summary from S&P10/17/2007 10:34:26 AMSummary175global608013MexicoMulti-line InsuranceEmerging MarketsLatin AmericaGlobal IssuersInsuranceSummaryStandard&Poor's Ratings Services' financial strength and counterparty credit ratings on Grupo Nacional Provincial S.A. (GNP) reflect its leading market position in the Mexican insurance market, its good product mix, and its strong brand recognition. Good quality of its investment portfolio and experienced conservative management with a clear focus on corporate strategy also support the ratings. Profitability levels on a statutory basis and capital adequacy ratios that are average but lag those reported by similarly rated entities continue to constrain the ratings. In spite of a reduction in its written premiums during 2006, GNP has been able to maintain a strong market position in the midst of a more competitive market, with a compound annual growth rate of 6%MEX40301030 403010 4030 40Grupo Nacional Provincial S.A.313983EMERGINGLATAMERICAGNP@MMSUMMARYGLOBISSINSCredit & Investment ResearchS&P Credit Research