Generali, AM Best confirms the FSR rating of "A" (Excellent) and the Long-Term ICR of "a+". Outlook stable

16 December 2022 - 18:43

Milan – AM Best has confirmed Generali's Financial Strength Rating (FSR) of "A" (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of "a+".

Concurrently, AM Best affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” of Società Cattolica di Assicurazione S.p.A. (Cattolica), reflecting Cattolica’s inclusion as a member of Generali’s lead rating unit.

Additionally, AM Best has confirmed the long-term issue credit ratings (Long-Term IRs) of debt instruments issued or guaranteed by Generali. The outlook is stable.

The ratings reflect Generali’s balance sheet strength as well as its strong operating performance, very favourable business profile and appropriate enterprise risk management.
Moreover, Generali has continued to develop its position in core markets through acquisition, most notably with the acquisition of Cattolica in 2021, which is expected to give the Group leading positions in Italy’s life and non-life markets.