A- Outlook Stable: Standard & Poor's confirm AG2R LA MONDIALE’s rating
News - 17/10/2017

Standard & Poor's (S&P) has confirmed the A- Outlook Stable rating of SGAM AG2R LA MONDIALE and its affiliates, La Mondiale and AG2R Réunica Prévoyance.

"This confirmation from Standard & Poor's recognises the ongoing efforts realised by the Group to reinforce its financial strength and thus continue to strengthen its solvency ratios," said André Renaudin, Chief Executive Officer.

S&P emphasises AG2R LA MONDIALE's ability to strengthen its capital reserves in a low-interest environment thanks to its results, the successful issuance of a new form of hybrid debt in January 2017, and the steadily increasing share of unit-linked products in its life insurance contracts. It therefore considers that the Group has the capacity to maintain a level of capital corresponding to a rating in the "A" category.

The credit rating agency also highlights the work carried out by AG2R LA MONDIALE to become a “Groupe Prudentiel” as defined in Solvency 2, on January 1, 2018. The strengthening of the financial solidarity among the members of the Group is particularly highlighted.

The credit rating agency reaffirms the Group's strong competitive position in its markets and judges that management, risk management, and governance are satisfactory.