Generali, AM Best confirms the FSR rating of "A" (Excellent) and the Long-Term ICR of "a+". Outlook stable
18 December 2020 - 19:57
Milan - Today, AM Best have announced that it has confirmed Generali's Financial Strength Rating (FSR) of "A" (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a+".
At the same time, AM Best confirmed its long-term credit ratings for debt instruments issued or guaranteed by Generali (Long-Term IRs). The outlook is stable.
The ratings reflect Generali’s balance sheet strength, which AM Best categorises as strong, as well as its operating performance, favourable business profile and appropriate enterprise risk management.
Generali’s capital strength is underpinned by risk-adjusted capitalization at the strongest level: the Group had a Solvency II Ratio of 203% as of 30th September 2020.
According to AM Best, Generali's business profile is very favourable, due to its leadership position in its core markets. The Group has a solid franchise, reinforced by its excellent access to markets through its proprietary network and its multi-channel distribution strategy.
Moreover, the Group has continued to expand its asset management business, which represents a diversified source of revenue.
The press release issued by AM Best is attached.