Ratings

Zurich Insurance Group maintains an interactive rating relationship with Standard & Poor's (S&P), Moody's and A.M. Best. The table below lists the financial strength and issuer credit ratings of some key subsidiaries as well as the credit ratings of senior and subordinated debt issues.

For further information please contact the Rating Agency Manager.


Financial strength rating S & P Moody's A.M. Best
Zurich Insurance Company Ltd AA-/stable Aa3/stable A+/stable
Zurich American Insurance Company AA-/stable n.r. A+/stable
Zurich Insurance Public Limited Company AA-/stable n.r. n.r.
Zurich Deutscher Herold
Lebensversicherung AG		 n.r. A1/stable n.r.
Zurich Assurance Ltd. n.r. A1/stable n.r.

Issuer credit rating S & P Moody's A.M. Best
Zurich Insurance Company Ltd AA-/stable n.r. aa-/stable

Issue credit rating S & P Moody's
Zurich Insurance Company Ltd (EMTN Programme)
3.75 % CHF 500 million senior notes, due September 2013 A+ A1
2.375 % CHF 525 million senior notes, due November 2018 A+ A1
2.25 % CHF 500 million senior notes, due July 2017 A+ A1
2.875 % CHF 250 million senior notes, due July 2021 A+ A1
1.5% CHF 400 million senior notes, due June 2019 A+ A1
3.375% EUR 500 million senior notes, due June 2022 A+ A1
12 % EUR 143 million perpetual capital notes, callable 2014 A A3 (hyb)
4.25 % EUR 788 million subordinated notes, callable 2023, due October 2043 A A2 (hyb)
7.5 % EUR 425 million subordinated notes,
callable July 2019, due July 2039		 A A2 (hyb)
4.25 % CHF 700 million perpetual subordinated notes, callable 2016 A A3 (hyb)
4.625 % CHF 500 million perpetual subordinated notes, callable 2018 A A3 (hyb)
8.25 % USD 500 million perpetual capital notes, callable 2018 A A3 (hyb)
Zurich Finance (Luxembourg) S.A. (EMTN Programme)
3.25 % USD 750 million senior notes, due September 2013 A+ A1
Zurich Finance (USA), Inc. (EMTN Programme)
4.5 % EUR 1 billion senior notes, due September 2014 A+ A1
6.5% EUR 600 million senior notes, due October 2015 A+ A1
5.75 % EUR 500 million subordinated notes, callable 2013, due October 2023 A A2 (hyb)
4.5 % EUR 418 million subordinated notes, callable 2015, due 2025 A A2 (hyb)
Zurich Finance (UK) plc. (EMTN Programme)
6.625% GBP 450 million perpetual subordinated notes, callable 2022 A A2 (hyb)
ZFS Finance (USA) Trust II
6.45% USD 700 million trust preferred securities, callable June 2016, due 2065 A A3 (hyb)
ZFS Finance (USA) Trust V
6.5% USD 1bn trust preferred securities, callable in 2017, due 2067 A A3 (hyb)

n.r. = not rated