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AG2R Prevoyance Dec 11
Standard & Poors, Dec 2011
Abstract
Strong competitive position. Solid investment profile. Pressured underwriting performance. Only good financial flexibility. The ratings on French protection insurer AG2R Pr-voyance (AG2RP), the main operating company of AG2R group (AG2R), reflect Standard & Poor's Ratings Services' view of its strong competitive position and solid investment profile. Partially offsetting these factors are AG2RP's only good operating performance and financial flexibility. AG2R has built a strong foothold in multiple industries, owing to its historical roots in the interprofessional insurance business ('conventions collectives'). The AG2R-La Mondiale Group is a well-recognized brand in France, covering complementary client bases and product ranges in life, savings, accident, and health. However, we believe that AG2R's concentration in France and a high reinsurance cession rate partially offset its...
Companies mentioned in this report are: AG2R Prevoyance
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
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