Ratings of operational insurance companies and participating interests in Primary Insurance segments

Company	Country	S&P Rating	AM Best Rating
Talanx AG	Germany	AA- (stable)	A+ (stable)
HDI Global SE	Germany	AA- (stable)	A+ (stable)
HDI Global Network AG	Germany	AA- (stable)	A+ (stable)
HDI Global Insurance Company	USA	AA- (stable)	A+ (stable)
HDI Global Select Insurance Company	USA	—	A+ (stable)
HDI Global Specialty SEF¹ Formerly International Insurance Company of Hannover SE	Germany	AA- (stable)	A+ (stable)
HDI Global Seguros S.A.	Mexico	—	A+ (stable)
HDI Specialty Insurance Company	USA	A+ (stable)	A+ (stable)
HDI Versicherung AG	Germany	AA- (stable)	—
HDI Lebensversicherung AG	Germany	AA- (stable)	A+ (stable)
neue leben Lebensversicherung AG	Germany	AA- (stable)	—
HDI Reinsurance SE	Ireland	—	A+ (stable)
Targo Lebensversicherung AG	Germany	A+ (stable)	—
TUiR WARTA S.A.	Poland	AA- (stable)	—
LPV Lebensversicherung AG	Germany	A+ (stable)	—
HDI Versicherung AG	Austria	A+ (stable)	—
HDI Seguros S.A. de C.V.	Mexico	mxAAA² (stable) Only a national scale rating (NSR) is published for HDI Seguros Mexico. According to the S&P mapping table, this rating would correspond at the least to BBB+ on a global scale.	—

1) Formerly International Insurance Company of Hannover SE
2) Only a national scale rating (NSR) is published for HDI Seguros Mexico. According to the S&P mapping table, this rating would correspond at the least to BBB+ on a global scale.

Company	Domicile	S&P Rating	AM Best Rating
PVI Insurance Corporation	Vietnam	-	A- (stable)
PVI Reinsurance Corporation	Vietnam	-	B++ (stable)