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Ratings of operational insurance companies and participating interests in Primary Insurance segments
Insurer Financial Strength Ratings of Talanx subsidiaries
| 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 SEF 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 Global UK Limited | United Kingdom | 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) |
| 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 | mxAAA 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. (stable) | — |
Insurer Financial Strength Ratings of Talanx AG’s participating interests
| Company | Domicile | S&P Rating | AM Best Rating |
| PVI Insurance Corporation | Vietnam | - | A- (stable) |
| PVI Reinsurance Corporation | Vietnam | - | B++ (stable) |
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