Ratings

This section contains the ratings assigned to the Group by the leading international agencies (Moody's, AM Best and Fitch).

On 13 February 2015, at Generali’s request, Standard & Poor’s withdrew its rating relative to the Group.

Rating - Insurance financial strength

Agency   Current* 31.12.23 31.12.22 31.12.21 31.12.20
Moody's Rating
Outlook

A3
Stable

A3
Stable

A3
Stable

Baa1
Stable

Baa1
Stable

Fitch Rating
Outlook

A+
Stable

A+
Stable

A
Positive

A
Positive

A-
Stable

AM Best Rating
Outlook

A
stable

A
stable

A
stable

A
stable

A
stable

*With link to the latest press release.

Rating - Bonds

    Current 31.12.23 31.12.22 31.12.21 31.12.20
Moody's senior Baa1 Baa1 Baa1 Baa2 Baa2
subordinated Baa2 Baa2 Baa2 Baa3 Baa3
hybrid Baa3 Baa3 Baa3 Ba1 Ba1
outlook stable stable stable stable stable
Fitch senior A A A- A- BBB+
subordinated A- A- BBB BBB BBB-
hybrid BBB+ BBB+ BBB BBB BBB-
outlook stable stable positive positive stable
AM Best senior a a a a a
subordinated a- a- a- a- a-
hybrid bbb+ bbb+ bbb+ bbb+ bbb+
outlook stable stable stable stable stable

Description & Ranking Grid by Rating Agency

Ratings refer to a judgement of the credit rating and probability of default of an entity or the security to which the rating has been assigned. Every ratings agency uses a different method to compile its ratings.