AM Best Affirms Credit Ratings of Delvag Versicherungs-AG
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 23 2024
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Source: Businesswire
Credit Ratings Affirmation: AM Best has affirmed Delvag Versicherungs-AG's Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of "a" (Excellent), with a stable outlook, reflecting its very strong balance sheet strength and strong operating performance.
Operational Insights: Delvag, the captive insurer for Lufthansa, has shown good historical earnings but faced challenges in 2023 due to reserve build-ups, resulting in a combined ratio of 102%. The company continues to strategically leverage its expertise in aviation while managing risks through a diverse reinsurance panel.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
