Alianza Vida Seguros y Reaseguros S.A.

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What it is

Alianza Vida sells personal-lines insurance: accident cover, mortgage life protection (desgravamen hipotecario), micro-insurance, health, funeral (sepelio) and long-term life products. The company was created in 1999 when shareholders decided to build a specialist life-and-health insurer — separate from the group’s older general-insurance arm — and was authorised to operate on 25 August 1999 in Santa Cruz de la Sierra.

Its product range spans non-life insurance, life insurance, reinsurance, pensions and annuity business, and insurtech activity. The company’s corporate object covers all branches of personal insurance, including prepaid services, pension-related insurance, and savings and capitalisation products, whether on its own account or with third-party participation.

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Who owns it

Alianza Vida is controlled by Peruvian insurer La Positiva Seguros, through its subsidiary Transacciones Financieras S.A., which holds 37.56% of the share capital. Other shareholders named in the BBV fact-sheet include La Positiva Vida Seguros y Reaseguros S.A., FID Perú S.A., Compañía Industrial de Tabacos S.A., and Alianza Compañía de Seguros y Reaseguros S.A.

The rating agency Moody’s Local Bolivia notes that the broader Alianza group’s main shareholders belong to Grupo Fidelidade, the leading insurer in Portugal, which has regional presence in Bolivia, Peru and Paraguay. The free float on the BBV is not disclosed in available sources; Bolivian market rules require registration of shares but do not mandate disclosure of the precise public float for insurance companies.

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Who runs it

Not published: the ASFI corporate-governance page (appweb.asfi.gob.bo, registration code 52216) references a board (Mesa Directiva) for Alianza Vida but does not display the names in its publicly accessible summary view. The company’s investor-relations page and annual report were not retrievable in open form.

No CEO, CFO or board-chair name for Alianza Vida specifically could be verified against a primary source; to publish a name here without primary-source confirmation would risk error.

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The money, in plain words

Alianza Vida was incorporated in mid-1999 and today employs 149 people (2025 figure). Its net income grew roughly 3.86% in the most recent year reported, and its total assets — the pool of investments and receivables that back its insurance promises — expanded 5.63%.

Exact revenue and profit figures in bolivianos are not published in any open primary source consulted, including the BBV filings page and the ASFI regulatory portal; EMIS holds the underlying numbers behind a commercial paywall, and APS quarterly filings are not in full-text open access.

For context on the broader group: Alianza group entities together report annual revenues above USD 120 million. Alianza Vida is the smaller, life-focused part of that group; its precise share of that total is not published separately in available sources.

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What it is doing now

The most recent corporate move visible from the company’s own website is the inauguration of Alianza Garantía in Paraguay — a sign that the Alianza group is pushing beyond Bolivia’s borders. The group has also recently won seven awards recognising it as Bolivia’s most powerful insurance brand.

On the macroeconomic backdrop: Bolivia faces structural challenges including restricted access to foreign currency, inflationary pressures, and constraints in the hydrocarbon sector, even as the government has begun measures to correct fiscal and monetary imbalances. These conditions could affect premium growth, reinsurance costs, and claims levels for all Bolivian insurers — and therefore the profitability and solvency of Alianza Vida’s book.

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What to watch

• Financial disclosure: Alianza Vida’s audited annual results are not publicly accessible; any investor must request them directly via the BBV or ASFI. A future opening of this data would be the single most important event for outside analysts.
• Revenue momentum: Net income grew ~3.86% in the latest period — watch whether the Paraguay expansion and new micro-insurance lines accelerate that pace.
• FX and macro risk: Bolivia’s restricted access to dollars matters directly for reinsurance, which is priced internationally; a tightening squeeze would lift costs and compress margins.
• Group ownership shift: Grupo Fidelidade of Portugal sits at the top of the chain; any strategic review by the Portuguese parent — itself subject to European insurance regulation — would ripple through Alianza Vida’s capitalisation plans.
• Product concentration: Moody’s Local flags heavy reliance on the health-and-illness segment in the group’s retained premiums — any surge in claims from that line would hit results quickly.

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This is news, not investment advice.