
Rating Reports From AM Best and Standard & Poor’s
AM Best rating

Financial strength rating: A- Excellent by AM Best, Jan 22 2025
Outlook: Stable
AM Best’s rating report

AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the LongTerm Issuer Credit Rating of “a-” (Excellent) of Sveriges Angfartygs Assurans Forening (The Swedish Club) (TSC or the Club)
(Sweden).
“These Credit Ratings (ratings) reflect TSC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.”
“Best’s Rating Reports reproduced on this site appear under licence from AM Best Company and do not constitute, either expressly or implicitly, an endorsement of (Rated Entity)’s products or services. Best’s Rating Reports are the copyright of AM Best Company and may not be reproduced or distributed without the express written consent of AM Best Company. Visitors to this website are authorised to print a single copy of the rating report displayed here for their own use. Any other printing, copying or distribution is strictly prohibited.”
“Best’s ratings are under continual review and subject to change or affirmation. To confirm the current rating, visit www.ambest.com.“
Rating Report S&P

Standard & Poor’s rating BBB+ (positive outlook)
December 2025: The Swedish Club Outlook Revised To Positive From
Stable On Improved Capital; ‘BBB+’ Ratings Affirmed
Outlook: Positive
Overview
- The technical performance of Sveriges Angfartygs Assurans Forening (The Swedish Club) has improved and is maintaining stability, which, together with investment results, has strengthened the club’s capital position at the 99.95% confidence level under our capital model.
- We anticipate a continued strengthening of the club’s capital position, supporting sustainable
and consistent capital surplus at the 99.99% confidence level over the next two years. - We have therefore revised our outlook on The Swedish Club to positive from stable and
affirmed our ‘BBB+’ long-term financial strength and issuer credit ratings
Rating Action
On Dec. 12, 2025, S&P Global Ratings revised its outlook on Sveriges Angfartygs Assurans
Forening (The Swedish Club) to positive from stable and affirmed the ‘BBB+’ long-term financial
strength and issuer credit ratings.
Standard & Poor’s, a division of The McGraw-Hill Companies, Inc., provides independent financial information, analytical services, and credit ratings to the world’s financial markets
For more information on Standard & Poor’s, visit http://www.standardandpoors.com/ratingsdirect.