Ratings overview and Solvency



Swiss Re has an interactive rating relationship with Standard & Poor’s, Moody’s and A.M. Best.

Swiss Re has the following ratings:

Rating AgencyFinancial
strength
rating
OutlookLast updateDebt ratings
Long-term
debt
Subordinated debtShort-term
debt
Standard & Poor's AA- (Very strong) stable 25-Nov-2016 AA- A A-1+
Moody's Aa3 (Excellent) stable 15-Dec-2015 Aa3 A2 P-1
A.M. Best A+ (Superior) positive
13-Oct-2017 aa- a AMB-1+

 

Sustainability ratings

Swiss Re is also being rated by various research companies for corporate social responsibility (CSR) and socially responsible investments (SRI).

 

Swiss Solvency Test (SST)


Swiss Re Group Swiss Reinsurance Company Ltd
SST 20171 262% 237%
SST 20162 223% 219%
SST 2015 223% 217%
SST 2/2014 249% 244%
SST 1/2014 241% 232%
SST 2/2013 229% 205%
SST 1/2013 245% 224%
SST 2/2012 207% 202%
SST 1/2012 213% 226%
SST 2/2011 210% 227%
SST 1/2011 208% 236%
SST 2/2010 211% 237%
SST 1/2010 269% 305%
SST 2/2009 219% 257%
SST 1/2009 160% 192%

The SST ratio is a function of available and required capital based on an economic valuation of assets and liabilities with an integrated forward-looking assessment of underwriting, financial market and credit risk and, therefore, our SST ratio could fluctuate from reporting date to reporting date, and such fluctuations could be significant. SST ratios filed with our regulator are subject to the regulator’s review and approval of the internal model. See "Note on risk factors" and "Cautionary note on forward-looking statements" in our most recent annual or quarterly report for factors that could affect the SST ratio.

1 Ratios calculated based on the changed FINMA methodology for calculating the SST ratio, which became effective on 1 January 2017.
2 Based on the changed FINMA methodology for calculating the SST ratio, the SST 2016 ratio for Swiss Re Ltd would have amounted to 261%, and the SST 2016 ratio for Swiss Reinsurance Company Ltd would have amounted to 237%.

Solvency and Financial Condition Reports

Entity 2016
Swiss Re Europe S.A.  solo report
Swiss Re International SE  solo report
Swiss Re Portfolio Partners S.A.  solo report
Swiss Re Specialty Insurance (UK) Limited  solo report
The Palatine Insurance Company Limited  solo report
iptiQ Life S.A.  solo report
ReAssure Group Limited  group report