Munich Re (Group) – Current Ratings, Solvency Ratios & CDS Spreads

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Munich Re (Group) Ratings

Insurance Financial Strength Rating
Assessment of an insurance company's ability to meet its obligations towards policyholders. For many years Munich Re has been one of the reinsurers with excellent ratings.

Solvency II
As at 1 January 2016, the new European Solvency II regulatory regime came into force. Under the new supervisory regulations, capital requirements are linked much more closely with the actual risks incurred by insurance companies than under Solvency I.

CDS Spread
A Credit Default Swap (CDS) is a tool for hedging credit risk. By buying a CDS, a market participant hedges certain risks arising from credit relationships in exchange for a premium, which is referred to as a CDS Level. The higher the level, the higher the default risk estimated by the market for the issuer.

Ratings of Munich Re

Rating
agency
Rating Outlook Last modification Reports
A.M. Best A+ (Superior) stable 07.09.2007 Download* (PDF, 294 KB)
Fitch AA (Very strong) stable 06.07.2016 Download comprehensive report July 2016 (PDF, 343 KB)

Download most recent report (PDF, 44 KB)
Moody's Aa3 (Excellent) stable 17.03.2005 Download (PDF, 1.6 MB)
Standard & Poor's AA- (Very strong) stable 22.12.2006 Download (PDF, 319 KB)

* Best's Rating Reports reproduced on this site appear under licence from A.M. Best Company and do not constitute, either expressly or implicitly, an endorsement of (Rated Entity)'s products or services. Best's Rating Reports are the copyright of A.M. Best Company and may not be reproduced or distributed without the express written consent of A.M. Best Company. Visitors to this website are authorised to print a single copy of the rating report displayed here for their own use. Any other printing, copying or distribution is strictly prohibited. Best's ratings are under continual review and subject to change or affirmation. To confirm the current rating visit www.ambest.com.

Solvency II solvency ratio

    31.12.2015 Prev. year Change
Eligible own funds
€bn 40.7 32.2 2.5
Solvency II capital requirement
€bn 13.5 13.8 –0.3
Solvency II ratio % 302 277  

The Solvency II solvency ratio of 302 (277%) was up by 25 percentage points on the previous year, emphasising Munich Re’s financial strength.
In line with the Solvency II standard, the solvency capital requirement was based on a value at risk with a confidence level of 99.5%.

CDS Spread

CDS Spread - Munich Re

Munich Re

Source: Bloomberg, Datastream / Status: 31.12.2016

Development of Munich Re’s five-year CDS compared to the CDS indexes iTraxx Europe and iTraxx Senior Financials with the same maturity respectively. The iTraxx Europe encompasses 125 major European companies. The iTraxx Senior Financials is composed of 25 European financials.

More information

Please visit Munich Re’s Investor Relations pages for detailed information on the rating of Munich Re (Group) and its subsidiaries.


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