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Visit Athora Netherlands (English) here:
www.athora.nl/en

Visitez Athora Belgium (Français) ici:
www.athora.com/be

Bezoek Athora Belgium (Nederlands) hier:
www.athora.com/be

Besuchen Sie Athora Deutschland hier:
www.athora.com/de

Visit Athora Ireland here:
www.athora.com/ie

Visit our Corporate Website here:
www.athora.com

Athora upgraded to A- with Positive Outlook by Fitch

21st May 2021

Pembroke, Bermuda, 21 May 2021 - Fitch Ratings (Fitch) has upgraded the Financial Strength Ratings of Athora Life Re Ltd. (Athora Life Re), Athora Ireland plc (Athora Ireland) and SRLEV N.V. (SRLEV) from BBB+ to A-. Athora Holding Ltd. (Athora) and Athora Netherlands N.V. Issuer Default Ratings have been upgraded from BBB to BBB+. The rating Outlook of Athora and its subsidiaries has been revised from Stable to Positive.

Achieving A- Financial Strength Ratings is an important step towards meeting the group’s target of A range ratings. The upgrade reflects the improvement in Athora's business profile following the acquisition of Athora Netherlands in 2020, lower Financial Leverage and a sustained strengthening of  Athora’s capitalisation.

Michele Bareggi, Group Chief Executive Officer, commented: "The rating progress made in 2021, with upgrades received from Fitch and AM Best, demonstrates Athora’s commitment to building an insurance and reinsurance group with a robust financial profile focused on long term sustainability.”