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Fitch affirms Allianz SE, subsidiaries

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Fitch affirms Allianz SE, subsidiaries

Fitch Ratings has affirmed Allianz SE's insurer financial strength rating at AA (Very Strong) and long-term issuer default rating at AA-.

Additionally, the agency affirmed the company's main subsidiaries' insurer financial strength ratings at AA.

The outlooks are stable.

The subsidiaries included in the action are Allianz Versicherungs-AG, Allianz Lebensversicherungs-AG, Allianz Private Krankenversicherungs-AG, Allianz Elementar Versicherungs-AG, Allianz Insurance Plc, Allianz Vie SA and Allianz IARD SA.

The affirmation reflects Allianz's strong business profile and consolidated group capital position, Fitch stated.

Fitch also said that the ratings benefit from the strong technical profitability and the very strong asset and liability management of the group. A "challenging" medium-term outlook for some of the company's life markets is a partially offsetting factor.