Athora upgraded to A+ by Fitch Ratings

London, 31 March 2026 –  Athora Holding Ltd. (together with its subsidiaries, “Athora” or “Athora Group”) today announces that Fitch Ratings (“Fitch”) has upgraded the Insurer Financial Strength Ratings of SRLEV N.V. and Athora Life Re Ltd. from A to A+. In addition, the Issuer Default Ratings of Athora Holding Ltd. and Athora Netherlands N.V. were upgraded from A- to A. All of the ratings are on Stable Outlook. Pension Insurance Corporation plc’s (PIC) ratings are unchanged including the A+ (Stable) IFS.

The upgrade follows the successful completion of Athora’s acquisition of Pension Insurance Corporation Group Ltd. (“PICG”), including its wholly owned subsidiary, Pension Insurance Corporation plc (“PIC”) – which was announced on 27 March. Fitch noted that it expects the transaction to strengthen Athora’s credit profile, reflecting increased operating scale, greater diversification, improved financial performance and low execution risk. 

Rakesh Thakrar, Group Chief Financial Officer of Athora, commented:
“The upgrade to A+ is an important milestone for Athora and represents third-party endorsement of the progress we have made. This is Athora’s third consecutive upgrade and attests to our strong credit profile, which is a key factor in enabling the Group to continue delivering long-term value for our policyholders and other stakeholders.”