Delta Lloyd Lebensversicherung AG http://www.alacrastore.com/company-snapshot/Delta_Lloyd_Lebensversicherung_AG-1043847 Sunday, November 23, 2008 3:35:56 AM 1043847 Delta Lloyd Lebensversicherung AG en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/662666spcred/662666normThe latest Summary from S&Pglobal7/31/2008 3:43:50 PM175Summary662666GermanyLife & Health InsuranceEurope, Middle East, AfricaGlobal IssuersInsuranceSummaryThe ratings on Germany-based life insurer Delta Lloyd Lebensversicherung AG (DLL) are based on the company's strategic importance to its Netherlands-based parent Delta Lloyd N.V. (DLNV), which itself is a core business of the U.K.-based multinational Aviva insurance group (core operating companies rated AA-/Stable/--). They also reflect DLL's good capitalization and extensive initiatives to stabilize its market position and launch a competitive product suite. These strengths are offset by execution risks stemming from recent strategic changes, DLL's moderate operating performance, and its dependence on parental funding. Standard&Poor's Ratings Services continues to view DLL as strategically important to DLNV, although we have not factored the maximum parental support allowable under our criteria into the ratings. This is because weDEU40301020 403010 4030 40Delta Lloyd Lebensversicherung AG338087EUROMIDAFRBLV@GRSUMMARYGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/662664spcred/662664normThe latest Full Report from S&Pglobal7/31/2008 2:03:00 PM400Full Report662664GermanyLife & Health InsuranceEurope, Middle East, AfricaGlobal IssuersInsuranceFull ReportStrategic importance to intermediate parent, Delta Lloyd N.V. Suite of initiatives to stabilize market position and launch competitive products Good capitalization Business execution risks, owing to a wide range of strategic initiatives Moderate operating performance Continued dependence on parental funding The ratings on Germany-based life insurer Delta Lloyd Lebensversicherung AG (DLL) are based on the company's strategic importance to its Netherlands-based parent Delta Lloyd N.V. (DLNV), which itself is a core business of the U.K.-based multinational Aviva insurance group (core operating companies rated AA-/Stable/--). They also reflect DLL's good capitalization and extensive initiatives to stabilize its market position and launch a competitive product suite. These strengths are offset by execution risks stemming from recent strategic changes, DLL's moderate operating performance,DEU40301020 403010 4030 40Delta Lloyd Lebensversicherung AG338087EUROMIDAFRBLV@GRFULLGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/660818spcred/660818normThe latest News from S&Pglobal7/22/2008 12:55:07 PM100News660818GermanyLife & Health InsuranceEurope, Middle East, AfricaGlobal IssuersInsuranceNewsFRANKFURT (Standard&Poor's) July 22, 2008--Standard&Poor's Ratings Services said today it lowered its long-term insurer financial strength and counterparty credit ratings on German life insurer Delta Lloyd Lebensversicherung AG (DLL) to 'A-' from 'A'. The outlook is negative. "The downgrade reflects a sizable deviation between planned and actual new business and premium volumes, as well as moderate embedded value earnings, indicating a difficult earnings outlook in the future," said Standard&Poor's credit analyst Ralf Bender. The ratings on DLL are based on its strategic importance to its Netherlands-based parent Delta Lloyd N.V. (DLNV), which itself is a core business of U.K.-based multinational Aviva insurance group (core operating companies rated AA-/Stable/--), extensive initiatives to stabilize DLL's marketDEU40301020 403010 4030 40Delta Lloyd Lebensversicherung AG338087EUROMIDAFRBLV@GRNEWSGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/660819spcred/660819normThe latest Research Update from S&Pglobal7/22/2008 12:55:07 PM175Research Update660819GermanyLife & Health InsuranceEurope, Middle East, AfricaGlobal IssuersInsuranceResearch UpdateOn July 22, 2008, Standard&Poor's Ratings Services lowered its long-term insurer financial strength and counterparty credit ratings on German life insurer Delta Lloyd Lebensversicherung AG (DLL) to 'A-' from 'A'. The outlook is negative. The downgrade reflects a sizable deviation between planned and actual new business and premium volumes, as well as moderate embedded value earnings, indicating a difficult earnings outlook in the future. The ratings on DLL are based on its strategic importance to its Netherlands-based parent Delta Lloyd N.V. (DLNV), which itself is a core business of U.K.-based multinational Aviva insurance group (core operating companies rated AA-/Stable/--), extensive initiatives to stabilize DLL's market position and launch a competitive product suite, as well as good capitalization. TheseDEU40301020 403010 4030 40Delta Lloyd Lebensversicherung AG338087EUROMIDAFRBLV@GRRESUPDGBR36875@40301020 403010 4030 40AVIVA Insurance Ltd.114823EUROMIDAFRAV/@LNGLOBISSINSCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/bir/463184bir/463184normDelta Lloyd Lebensversicherung AGGermanyInsurance: Life insurance631152411396/17/2008 6:39:00 AM463184Company Profiles & FinancialsGale Company Profiles