Danica Pension, Livsforsikringsaktieselskab Sep 07
Standard & Poors, September 2007
Abstract
Core status to the Danske Bank group Strong competitive position Strong capitalization Lower relative profitability than parent on a risk-adjusted basis Limited diversification outside the domestic market The ratings on Denmark-based life insurer Danica Pension, Livsforsikringsaktieselskab (Danica) reflect its core status within the Danske Bank group (Danske Bank). On a stand-alone basis, Danica benefits from a strong domestic competitive position generated from a broad product range and comprehensive distribution, robust operating performance, and strong capitalization. These factors are partially offset by the limited diversification from Danica's domestic market and the earnings drag from the accident and health business. Danica plays a key role in Danske Bank's strategy to be a leading and well-diversified player in the financial services market in...
Companies mentioned in this report are:
- Danica Pension Livsforsikringsaktieselskab
- Danske Bank A/S
Action: Review
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: Full Analysis
- Danica Pension Livsforsikringsaktieselskab
- Danske Bank A/S
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