Rates decline sinks Allianz’s Solvency II ratio
Market impacts take 11 percentage points off ratio in first six months of 2019
German insurer Allianz’s regulatory capital ratio dropped for the second consecutive quarter, to 213% from 218%. Year-to-date, it has fallen 16 percentage points.
Market movements, specifically falling interest rates and tightening credit spreads, lopped 11 percentage points off the firm’s Solvency II ratio – its amount of own funds relative to its solvency capital requirement (SCR) – over the
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