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BULLETIN: Swiss Life Ratings Unaffected by Improved Half-Year 2004 Results Sep 04
Standard & Poors, Sep 2004
Abstract
FRANKFURT (Standard & Poor's) Sept. 7, 2004--Standard & Poor's Ratings Services said today that the ratings and outlook on Switzerland-based life insurer Swiss Life/Schweizerische Lebensversicherungs- und Rentenanstalt AG (Swiss Life; A-/Negative/--) and related operating entities remain unchanged following Swiss Life's report of improved half-year 2004 results, which are generally in line with Standard & Poor's expectations. Standard & Poor's recognizes the positive trend in underlying profitability, but believes that Swiss Life still remains challenged to build real competitive strength from its business position and to deliver a strong and sustainable earnings level. The profitability of new business written in Switzerland remains low, as the continued decline in individual business offsets progress made in group life business. Contributions to operating result...
Companies mentioned in this report are: Swiss Life AG,Swiss Life Holding
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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