AM Best upgrades Ratings of Delvag to "A"

On December 21, 2023, A.M. Best upgraded Delvag's Financial Strength Rating to A (Excellent, stable outlook) from A- (Excellent, stable outlook). The Long-Term Issuer Credit Rating was also upgraded to a (Excellent, stable outlook) from a- (Excellent, stable outlook).  

The improved rating reflects Delvag's balance sheet strength and good operating performance as well as its prudent risk management.

The rating upgrades are also based on Lufthansa's improved creditworthiness, which is linked to strong performance in 2022 and 2023 and an improvement in the Group's liquidity position.

For more detailed information kindly refer to www.ambest.com.    

From Andreas Brodesser
Delvag Versicherungs-AG
Head of Marketing and Corporate Communications
Tel. +49 221 8292 238
andreas.brodesser@delvag.de