- Language: English
- 1677 Pages
- Published: July 2014
- Region: Global
Summary: Swiss Life Group Dec 10
- Published: December 2010
- Region: Switzerland
- Standard & Poors
The ratings on Switzerland-based life insurer Swiss Life AG (Swiss Life) reflect what Standard & Poor's Ratings Services sees as the group's strong competitive position in Switzerland, which is complemented by a strong niche position in France. They also reflect the group's strong capitalization. We consider these strengths to be offset by ongoing strategic challenges to improve new business profitability and execution risks associated with the integration of financial advisor AWD Holding AG (not rated), which was acquired by Swiss Life in 2008. Furthermore, we note that the group has yet to complete a comprehensive efficiency and cost-savings program. In addition, we consider the group's still subdued operating performance and the high dependence of its earnings and financial profile on...
Companies mentioned in this report are: Swiss Life AG
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Swiss Life AG