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, governance and risk management. 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 18 October 2019, 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, its excellent franchise and diversified product suite across non-life and life reinsurance.

On 16 December 2019, Moody’s affirmed Swiss Re’s insurance financial strength rating and outlook as “Aa3” stable. The rating reflects Swiss Re’s excellent market position, extensive diversification by line of business and geography, very strong capital adequacy and good reserve adequacy.

On 20 December 2019, A.M. Best confirmed the Group Swiss Re Financial Strength Rating of A+ (Superior) with stable outlook. The rating reflects A.M. Best’s assessment of Swiss Re’s balance sheet strength as “strongest”, strong operating performance, very favourable business profile and very strong enterprise risk management.

Swiss Re’s financial strength ratings

As of 31 December 2019

Financial strength rating


Last update

Standard & Poor’s



18 October 2019




16 December 2019

A.M. Best



20 December 2019