Rating agency

Rating agencies assign credit ratings to the obligations of Swiss Re and its rated subsidiaries. The agencies evaluate Swiss Re based on a set of criteria that include an assessment of our capital adequacy. Each rating agency uses a different methodology for this assessment.

A.M. Best, Moody’s and S&P rate Swiss Re’s financial strength based upon interactive relationships. The insurance financial strength ratings are shown in the table below.

On 24 October 2018, S&P affirmed the AA– financial strength of Swiss Re and its core subsidiaries. The outlook on the rating is “Stable”. The rating reflects Swiss Re’s extremely strong capital adequacy in excess of the ‘AAA’ benchmark and extremely strong competitive position build on a highly recognised brand name, highly diversified product offering and long-established direct client relationships.

On 13 December 2018, A.M. Best confirmed the Group Swiss Re Financial Strength Rating of A+ (Superior) with stable outlook. The rating reflect A.M. Best’s assessment of Swiss Re’s “strongest” balance sheet strength, strong operating performance, very favourable business profile and very sophisticated enterprise risk management.

On 19 December 2017, Moody’s affirmed Swiss Re’s insurance financial strength rating and outlook at “Aa3” stable. The rating reflects Swiss Re’s excellent market position, very strong business and geographic diversification and strong balance sheet in terms of capital and financial flexibility.

Swiss Re’s financial strength ratings

As of 31 December 2018

Financial strength rating


Last update




19 December 2017

Standard & Poor’s



24 October 2018

A.M. Best



13 December 2018