Generali, AM Best affirms rating A and outlook stable

28 October 2016 - 19:00

Trieste – AM Best announced today that it has affirmed Generali’s FSR rating at A (Excellent). Concurrently the rating agency has affirmed the ratings of debt instruments issued or guaranteed by Generali. The outlook remains Stable.

AM Best said that “the ratings reflect the group’s very strong business position in continental Europe, resilient operating performance, and improving risk-adjusted capitalisation”. In AM Best view, “as one of the largest insurers in Europe, Generali has a very strong franchise in both life and non-life insurance within its core markets, namely Italy, Germany and France, which contributed over 70% of gross written premium (GWP) in 2015. Generali also has a prominent market position in Central and Eastern Europe (CEE) where the group operates via its wholly owned subsidiary, Generali CEE Holding B.V.”.

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Generali is one of the largest integrated insurance and asset management groups worldwide. Established in 1831, it is present in over 50 countries in the world, with a total premium income of € 95.2 billion and € 863 billion AUM in 2024. With around 87,000 employees serving 71 million customers, the Group has a leading position in Europe and a growing presence in Asia and Latin America. At the heart of Generali’s strategy is its Lifetime Partner commitment to customers, achieved through innovative and personalised solutions, best-in-class customer experience and its digitalised global distribution capabilities. The Group has fully embedded sustainability into all strategic choices, with the aim to create value for all stakeholders while building a fairer and more resilient society.