Research Update: Insurance Group Gothaer Upgraded To 'A' On Resilient Operating Performance And Robust Capitalization; Outlook Stable

In 2020 and 2021, German insurance group Gothaer has demonstrated resilient operating performance that compares well with peers'. The group's competitive edge is underpinned by its prominent position within the German insurance market, well-established and diversified distribution channels, as well as broad product portfolio. Gothaer's capital position is robust as per our risk-based capital model and Solvency II, due to strict asset and liability management and low sensitivity to interest rates. We therefore raised our ratings on the group's core insurance operating entities to 'A' from 'A-'. The stable outlook reflects our expectations that the group will maintain its strong market position in the German small and midsized enterprise (SME) segment and robust capitalization levels backed by an attractive risk-return

...- In 2020 and 2021, German insurance group Gothaer has demonstrated resilient operating performance that compares well with peers'. - The group's competitive edge is underpinned by its prominent position within the German insurance market, well-established and diversified distribution channels, as well as broad product portfolio. - Gothaer's capital position is robust as per our risk-based capital model and Solvency II, due to strict asset and liability management and low sensitivity to interest rates. - We therefore raised our ratings on the group's core insurance operating entities to 'A' from 'A-'. - The stable outlook reflects our expectations that the group will maintain its strong market position in the German small and midsized enterprise (SME) segment and robust capitalization levels backed by an attractive risk-return profile in property and casualty (P&C), life, and health....

Research Update