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S&P Credit Research1017 word report
published Oct 12, 2007
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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 a strong operating performance in recent years, which has resulted in an ROE of about 13% on average over the past four years. This has been mainly driven by focusing on personal lines and small and midsize enterprise (SME) business combined with a strong underwriting discipline in non-life insurance, reflected in an average
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| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Helvetia Insurance Group Publication date: 12-Oct-2007 Primary Credit Analyst: Ralf Bender, CFA, Frankfurt (49) 69-33-999-194; ralf_bender@standardandpoors.com Secondary Credit Analyst: Hiltrud...
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| Report Type: | Summary
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| Ticker: | HELN@SW
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| Issuer: | Helvetia Schweizerische Versicherungsgesellschaft AG
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| GICS: | Multi-line Insurance (40301030)
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| Sector: | Global Issuers, Insurance
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| Country: | Switzerland
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| Region: | Europe, Middle East, Africa
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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.
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- 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 ...
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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 ...
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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 ...
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