AGCS - Allianz Global Corporate & Specialty

AGCS ratings
Very strong financial strength ratings confirmed
AGCS remains one of the highest rated global P&C insurers
Allianz Global Corporate &
Specialty (AGCS) company name
AGCS AG, AGCS (France), AGCS
North America*
Allianz Fire & Marine Insurance
(Japan) Ltd.
3 rd Allianz Financial Lines Conference in Russia
Standard & Poor’s A.M. Best
FSR Outlook (Jan 27, 2012) FSR Outlook (June 6, 2012)
AA Negative A+ Stable
AA- No change (negative) n/a n/a
Allianz Risk Transfer AG AA- Negative A Stable
*AGCS NA includes Allianz Global Risks US Insurance Company, Allianz Underwriters Insurance Company, AGCS Marine Insurance Company
S&P comments (rating report Jan 27, 2012):
‘We are affirming the (…) insurer financial strength ratings
on Allianz SE and its related core entities (..) on the basis
of the group's very strong earnings and business diversity.’
‘The current ratings remain supported by the group’s very
strong competitive position, reflecting very strong
segmental and geographic diversity in revenues and
profits.’
A.M. Best comments (June 6, 2012):
‘Allianz SE’s risk-adjusted capitalization (both on a
stressed and standard basis) remained very strong at year-
end 2011, despite significant impairments, and in this
context A.M. Best deems the organization’s exposures
manageable.’
‘In addition, the group maintains a very strong business
profile and benefits from a very high degree of
diversification, both in terms of business and markets.’
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