WebJul 10, 2024 · We expect Athora to achieve a Fitch-calculated net income return on equity (ROE) of at least 8% in 2024. Athora's net income ROE increased to an annualised 52% in 1H22 from 3% in 2024. However, we regard this rise as not sustainable as it was driven by an asset-liability accounting mismatch, with interest-rate movements affecting differently ... WebMay 10, 2024 · Fitch Ratings upgraded to A from A- the insurer financial strength ratings of Athora Life Re Ltd., Athora Ireland PLC and SRLEV NV. The rating agency also upgraded to A- from BBB+ the issuer default ratings of Athora Holding Ltd. and Athora Netherlands NV. The outlooks are stable. The upgrades reflect the improvement in Athora's financial ...
Fitch Upgrades Athora
WebSep 8, 2024 · In May 2024, Fitch upgraded the Insurer Financial Strength Ratings of our rated Business Units from A - (Positive) to A (Stable). The Issuer Default Ratings for Athora Holding Ltd. and Athora Netherlands N.V. were simultaneously upgraded from BBB+ (Positive) to A- (Stable). WebDec 15, 2024 · PEMBROKE, Bermuda, December 15, 2024--Athora Holding Ltd. (Athora or the Group), a leading European savings and retirement services group, has completed its third capital raise, securing a total ... greenfield savings bank shelburne falls
Fitch upgrades Athora Holding, subsidiaries - S&P Global
WebAthora achieved an A- Fitch rating with positive outlook; this rating was supported by strong solvency capital, continued deleveraging and a recognition of Athora’s increased operating scale. We ... Athora's Prism FBM score was 'Extremely Strong' at end-2024. We expect financial leverage ratio (FLR) to remain stable at around 25% at end-2024 (2024: 24%). High Investment Risk: Fitch regards Athora's investment risk as high, but manageable. Most of Athora's investments are holdings of investment-grade … See more Improved Company Profile:In 2024, Athora entered into the Italian life insurance market with the acquisition of Amissima Vita S.p.A., further improving its geographical diversification. The group also is becoming … See more International scale credit ratings of Financial Institutions and Covered Bond issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, … See more Factors that could, individually or collectively, lead to positive rating action/upgrade: --A sustained ROE of more than 10% while maintaining at least a 'Very Strong' Prism FBM score. However, we regard … See more Unless otherwise disclosed in this section, the highest level of ESG credit relevance is a score of '3'. This means ESG issues are credit-neutral or … See more WebOct 23, 2024 · Athora is one of the companies hoping to take on some of those liabilities and the assets that back them. Its former parent company, Athene, has climbed to a market capitalisation of $9bn by doing ... greenfield savings bank shelburne falls hours