The MarketWatch News Department was not involved in the creation of this content. AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” of Oxford Life Insurance Company (Oxford Life) (Phoenix, AZ), and its subsidiary, Christian Fidelity Life Insurance Company (Dallas, TX), which are collectively referred to as Oxford Group. The outlook of these Credit Ratings (ratings) is positive. Concurrently, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of “bbb” of North American Insurance Company (Madison, WI). The outlook of these ratings is stable. These companies are owned by the group’s ultimate...
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Beneficial Financial Group and as of its 2013 fiscal year end had assets of $3.0 billion. The insurance side of the company was known for many years as the Beneficial Life Insurance Company. Beneficial is certified by the Insurance Marketplace Standards Association for ethical business practices. Beneficial held an "A+" (stable) rating from Standard & Poor's for financial strength, when S&P downgraded the rating to "A" due to exposure to Mortgage-backed security investments in the wake of the 2008 housing bubble, and warned of further possible devaluations unless DMC replenished some of Beneficial's capital as it deteriorates "from its currently strong level." On June 16, 2009, it...
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trending Market Intelligence /marketintelligence/en/news-insights/trending/6GHrV9GSc02L_7dXQWfOAQ2 content Insurance ratings actions: A.M. Best withdraws ratings of Maiden Holdings S...
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AM Best Affirms Credit Ratings of American Federated Insurance Company and American Federated Life Insurance Company AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of "bb" of American Federated Insurance Company (AFIC) and American Federated Life Insurance Company (AFLIC). The outlook of these Credit Ratings (ratings) is stable. Both companies are known collectively as American Federated Insurance Companies and are domiciled in Flowood, MS. The ratings of AFIC reflect its balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, limited business profile and marginal enterprise risk...
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AM Best Affirms Credit Ratings of American Federated Insurance Company and American Federated Life Insurance Company AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of "bb" of American Federated Insurance Company (AFIC) and American Federated Life Insurance Company (AFLIC). The outlook of these Credit Ratings (ratings) is stable. Both companies are known collectively as American Federated Insurance Companies and are domiciled in Flowood, MS. The ratings of AFIC reflect its balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, limited business profile and marginal enterprise risk...
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AM Best has affirmed the Financial Strength Rating of A++ (Superior) and the Long-Term Issuer Credit Ratings of "aaa" of New York Life Insurance Company and its wholly owned subsidiary, New York Life Insurance and Annuity Corporation (collectively referred to as New York Life). Additionally, AM Best has affirmed the Long-Term Issue Credit Ratings (Long-Term IRs) on the funding agreement-backed securities (FABS) programs, the outstanding notes issued thereunder and the Long-Term IRs on the existing surplus notes of New York Life Insurance Company. The outlook of the Credit Ratings (rating) is stable. All companies are headquartered in New York, NY. (See below for a detailed listing of the...
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Private sector companies during the first quarter till May 2020 witnessed a fall of 19.2%, compared with a growth of 32% in the April-June period of 2019-20, the report said Life insurance sector witnesses 18.6% drop in 1st-year premium: CARE Ratings 2 min read . Updated: 12 Jul 2020, 03:12 PM IST PTI The overall sum assured also declined 12.9% to ₹ 8.8 trillion in the June 2020 quarter, compared with ₹ 10 trillion (which was an increase of 17.6%) in the corresponding period of the previous year The overall sum assured also declined 12.9% to ₹ 8.8 trillion in the June 2020 quarter, compared with ₹ 10 trillion (which was an increase of 17.6%) in the corresponding period of the previous...
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AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" of Farm Bureau Mutual Insurance Company of Michigan and Farm Bureau General Insurance Company of Michigan, collectively referred to as Michigan Farm Bureau Group (the Group). Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of "a" of Farm Bureau Life Insurance Company of Michigan and Leaders Life Insurance Company (Tulsa, OK). In addition, AM Best has upgraded the FSR to A (Excellent) from B++ (Good) and the Long-Term ICR to "a" from "bbb+" of Cincinnati Equitable Life Insurance Company (CELIC) (Cincinnati, OH). These...
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Why choose Midland National? The answer is in the numbers. With over 110 years of business under our belt, Midland National’s continued financial strength is the result of our: Conservative and disciplined investment approach Private ownership structure Commitment to doing what’s right for Midland National distribution partners and policyowners In the end, what’s good for you, is good for Midland National. Doing the right thing for you is simply good business. By putting Midland National policyowners first and focusing on the long-term rather than the short-term, we’ve been able to establish a strong, enduring company that Midland National policyowners can trust. Speaking of Midland...
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An annuity or a life insurance policy is a long-term financial contract, and consumers who wish to make a right decision can help themselves choose well by consulting a third-party rating service to make an informed buying decision. Insurance companies use private rating companies to determine their financial strength. The rating agencies evaluate the insurance companies as to financial strength to meet their current and future contractual obligations. These include their ability to pay current and future claims and their ability to maintain solvency during uncertain economic times. Insurance companies pay the rating agencies to examine their financial situation and assign financial...
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