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S&P Credit Research945 word report
published Nov 06, 2006
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S&P Credit Research
| Abstract: | 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 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. 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 years. This has been mainly driven by focusing on personal lines and small and midsize enterprise business combined with a strong underwriting discipline in non-life insurance, reflected in an average net loss
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Helvetia Insurance Group Publication date: 06-Nov-2006 Local Currency Credit Rating: A-/Stable/-- Rationale The ratings on Helvetia Schweizerische Versicherungsgesellschaft AG and Helvetia Schweizerische...
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| Report Type: | Summary
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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 ...
- Swiss Helvetia Insurance Group Assigned 'A-' Ratings On Strong Fundamentals; Outlook Stable $175.00
FRANKFURT (Standard & Poor's) Oct. 17, 2006--Standard & Poor's Ratings Services said today it assigned its 'A-' counterparty credit and insurer financial strength ratings to Helvetia Schweizerische Versicherungsgesellschaft AG and Helvetia ...