S&P confirms Helvetia's 'A+' rating

Helvetia Holding AG / Key word(s): Rating S&P confirms Helvetia's 'A+' rating 21.03.2024 / 07:00 CET/CEST Media release St.Gallen, 21 March 2024

The rating agency S&P has confirmed Helvetia Group's financial strength rating of "A+" with a stable outlook. The assessment is based for the first time on S&P's new capital model. According to the revised requirements, Helvetia's capitalisation remains at an outstanding level. 

Standard & Poor's Global Ratings (S&P) has affirmed Helvetia Group's "A+" rating with a stable outlook. The assessment is based for the first time on S&P's revised capital model for insurance companies, which was introduced in November 2023. According to the adjusted criteria, Helvetia continues to have an outstanding capitalisation and a balanced risk position. As part of the update, S&P now rates Helvetia's financial risk profile with the highest rating of "Excellent". 

"By confirming the rating, S&P recognises Helvetia's strong balance sheet and solid earnings power", explains Annelis Lüscher Hämmerli, Group CFO of Helvetia. "The rating underlines the resilience of our diversified and profitable business model." 

The following ratings apply to Helvetia Group entities rated by S&P: 

• Helvetia Swiss Insurance Company Ltd: "A+" / stable 
• Helvetia Swiss Life Insurance Company Ltd: "A+" / stable 
• Helvetia Assurances S.A.: "A+" on a guaranteed basis / stable 
• Helvetia Global Solutions Ltd: "A" / stable 

Analysts Philipp Schüpbach Head of Investor Relations Phone: [phone] [e-mail]

Media Jonas Grossniklaus Head of Corporate Communications Phone: [phone]