FITCH assigns "A+ rating with stable outlook" to ACHMEA"s insurance operating entities

FITCH Ratings has assigned ACHMEA"s core insurance operating entities an Insurer Financial Strength Rating (IFSR) of A+ with a stable outlook.

The credit rating agency bases its views among others on ACHMEA"s "market leading position in the Dutch Non-life and Health insurance market".

FITCH assesses ACHMEA"s capital position to be "very strong".

It expects ACHMEA to realize in the medium-term a structurally higher return on equity supported by further cost reductions and implemented improvement measures.

In line with the IFSR of A+, FITCH has assigned a "A-" rating to ACHMEA B.V."s senior unsecured debt instruments and a "BBB" rating on the ACHMEA B.V."s subordinated debt instruments, all with a stable outlook.

Willem van DUIN, Chairman of the Executive Board of ACHMEA: "Fitch"s A+ credit rating for our insurance operating entities with a stable outlook indicate that we are regarded as a solid insurance company with a robust solvency level. A healthy financial position is also in the interest of our customers who should at all times be able to rely on us. Having FITCH"s rating, supports us to target a broader investment community for our debt securities."

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