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S&P Credit Research1128 word report
published Oct 17, 2006
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$175.00 available for immediate download
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S&P Credit Research
| Abstract: | On Oct. 17, 2006, Standard & Poor's Ratings Services assigned its 'A-' counterparty credit and insurer financial strength ratings to Helvetia Schweizerische Versicherungsgesellschaft AG and Helvetia Schweizerische Lebensversicherungsgesellschaft AG, core entities of the Switzerland-based Helvetia Insurance Group (Helvetia). The outlook is stable. The ratings reflect the group's strong operating performance, supported by its geographically diversified non-life earnings profile, strong capitalization, and a strong diversified competitive position. These strengths are partially offset by the group's exposure to the challenging Swiss life insurance market and moderate cost efficiency in non-life insurance. Major rating factors: Strong operating performance. Helvetia has benefited from strong operating performance in recent years, which has resulted in an ROE of about 11% on average over the past three
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: Swiss Helvetia Insurance Group Assigned 'A-' Ratings On Strong Fundamentals; Outlook Stable Publication date: 17-Oct-2006 Rationale On Oct. 17, 2006, Standard & Poor's Ratings Services assigned...
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| Report Type: | Research Update
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| Issuer: | Helvetia Schweizerische Versicherungsgesellschaft AG
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| Sector: | Global Issuers, Insurance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Helvetia Insurance Group $400.00
Strong operating performance, supported by a geographically diverse non-life earnings profile and conservative investment strategy. Strong competitive position in Switzerland and focused business model in nondomestic markets. Exposure to the ...
- Summary: Helvetia Insurance Group $175.00
The ratings on Helvetia Schweizerische Versicherungsgesellschaft AG and Helvetia Schweizerische Lebensversicherungsgesellschaft AG, core entities of the Switzerland-based Helvetia Insurance Group (Helvetia), reflect the group's strong operating ...
- Helvetia Insurance Group $400.00
Strong operating performance supported by geographically diversified non-life earnings profile Strong competitive position in Switzerland supported by an effective niche strategy in nondomestic markets Weakening capitalization, although still ...
- Summary: Helvetia Insurance Group $175.00
The ratings on Helvetia Schweizerische Versicherungsgesellschaft AG and Helvetia Schweizerische Lebensversicherungsgesellschaft AG, core entities of the Switzerland-based Helvetia Insurance Group (Helvetia), reflect the group's strong operating ...
- Summary: Helvetia Insurance Group $175.00
The ratings on Helvetia Schweizerische Versicherungsgesellschaft AG and Helvetia Schweizerische Lebensversicherungsgesellschaft AG, core entities of the Switzerland-based Helvetia Insurance Group (Helvetia), reflect the group's strong operating ...
- Helvetia Insurance Group $400.00
Strong operating performance supported by geographically diversified non-life earnings profile Strong capitalization Strong overall competitive position Exposure to the challenging Swiss life insurance market Moderate cost efficiency The ratings ...
- Helvetia Insurance Group $400.00
Strong operating performance supported by geographically diversified non-life earnings profile Strong capitalization Strong overall competitive position Exposure to the challenging Swiss life insurance market Moderate cost efficiency The ratings ...
- Summary: Helvetia Insurance Group $175.00
The ratings on Helvetia Schweizerische Versicherungsgesellschaft AG and Helvetia Schweizerische Lebensversicherungsgesellschaft AG, core entities of the Switzerland-based Helvetia Insurance Group (Helvetia), reflect the group's strong operating ...