Credit ratings

Our credit ratings and the latest assessments from Standard & Poor's and Moody’s.

Credit ratings

  Financial strength Effective date Outlook
Standard & Poor's A 20 June 2018 Stable
Moody's A2 4 April 2018 Stable

Financial strength rating affirmed as stable on 20 June 2018. Standard & Poor's noted:

  • The affirmation reflects RSA’s improving operating performance and diverse geographic spread;
  • S&P continue to see RSA’s business risk profile at very strong, supported by leading market positions in profitable and stable insurance markets;
  • RSA has the opportunity for further expense efficiencies to reach combined ratios consistently in the 90%-95% range;
  • Management actions to redeem old notes and issue new debt at lower coupon rates has reduced leverage and improved fixed charge coverage; and
  • The outlook is confirmed as “stable”.

More information about Standard and Poor's ratings definitions

 

Moody's

Moody’s reaffirmed the A2 insurance financial strength rating of Royal & Sun Alliance Insurance plc with a stable outlook on 4th April 2018.

Moody's affirmation of RSA's ratings reflects the Group's strong competitive position in its key markets of the UK, Scandinavia, and Canada, its relatively well diversified business profile in terms of products, relatively conservative investment portfolio, and relatively low financial leverage.

 More information about Moody's ratings

Codan

  Financial Strength Effective from
Standard & Poor's A 20 June 2018
Moody's Not rated  

Royal and SunAlliance Company of Canada

  Financial Strength Effective from
Standard & Poor's A 20 June 2018
Moody's Not rated  

RSA Insurance Ireland DAC

  Financial Strength Effective from
Standard & Poor's A- 20 June 2018
Moody's Not rated   

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