Fitch Ratings maintains Frankfurter Leben’s stable outlook and credit ratings amid its plans for another acquisition in Germany. The insurer’s strong capitalization and profitability counterbalance its exposure to elevated investment risk, according to the rating agency.
Athora is selling its German operations to Frankfurter Leben. The transaction marks a strategic shift for the company as it focuses on its core markets. The deal includes Athora’s German insurance and reinsurance assets, though specific terms remain undisclosed.
Frankfurter Leben, a unit of Fosun, is acquiring Athora’s German life insurance portfolio. The deal covers €3.5 billion in assets and serves 140,000 policyholders. Athora is transferring its German life operations to the Fosun subsidiary as part of the transaction.
Fosun International’s life insurance subsidiary, Frankfurter Leben, is in advanced talks to acquire Athora Germany, a company backed by Apollo Global Management. The potential deal involves a major European insurance player entering Fosun’s portfolio. Both parties have reportedly made significant progress toward finalizing the transaction.