Our ratings reflect our strong financial performance and the quality of our balance sheet. View the current rating of our entities and debts and the results of our financial subsidiaries

Rating Entities

Insurance Financial
Strength Ratings
S&P Moody's Fitch
ageas SA/NV

A+/Stable
(07/12/2023)

A1/Stable
(21/12/2023)

AA-/Stable
(14/11/2023)
Ageas Insurance International A+/Stable
(07/12/2023)
NR A+/Stable
(14/11/2023)
AG Insurance A+/Stable
(07/12/2023)

A1/Stable
(21/12/2023)

AA-/Stable
(14/11/2023)
Ageas Insurance Limited
(AIL)
A+/Stable
(07/12/2023)
NR AA-/Stable
(14/11/2023)
Muang Thai Life BBB+ / Stable
(08/07/2024)
NR A-/Stable
(29/02/2024)
Etiqa Insurance Berhad (Malaysia) NR NR A/Stable
(25/03/2024)
Taiping Life NR NR

A+/Negative
(15/04/2024)

Taiping Reinsurance A/Stable
(25/04/2024)
NR

A/Stable
(05/02/2024)

Rating debt

Subordinated Debt S&P Moody's Fitch

Ageasfinlux SA
FRESH
Grandfathered Restricted Tier 1 Notes (2002)

A- Baa2 BBB

AG Insurance
Fixed Rate Reset Dated Subordinated
Tier 2 Notes (2015)

A- NR A-

ageas SA/NV
Subordinated Fixed to Floating Rate
Tier 2 Notes (2019)

A-

NR

A-

ageas SA/NV
Perpetual Subordinated Fixed Rate Resettable Temporary Write-Down
Restricted Tier 1 Notes (2019)

BBB+ NR A-

ageas SA/NV
Subordinated Fixed to Floating Rate (2020)
Tier 2 Notes

A- NR A-