FRANKFURT (Standard&Poor's) Feb. 14, 2008--Standard&Poor's Ratings Services said today that its ratings and outlook on the various core operating entities of Switzerland-based insurance group Zurich Financial Services (collectively ZFS; AA-/Stable/--), including Zurich Insurance Co. and the members of the Zurich U.S. Intercompany Pool (ZUS), and on the intermediate holding company Zurich Group Holding (A/Stable/--) were unaffected by today's announcement of a $2 billion share buyback and of 2007 annual results. The buyback does not affect Standard&Poor's view of ZFS' strong capitalization in light of excellent 2007 earnings, which are well in line with our expectations. The prospect for further upward potential for the rating is remote at this stage. A negative outlook could be
