Insurance company ratings

A.M. Best affirms credit ratings for SSQ, Life Insurance Company Inc., SSQ Insurance

A.M. Best affirms credit ratings for SSQ, Life Insurance Company Inc. For a second consecutive year, international credit rating agency A.M. Best Co., specialized in the insurance sector, has given SSQ, Life Insurance Company Inc. a financial strength rating of “A (excellent)” and issuer credit rating of “a”. The outlook for both ratings is stable. The rating agency raised the company’s ratings in September 2019 and reconfirmed them in January 2020 following the announcement of the merger of equals of SSQ Insurance and La Capitale. “Further to a rigorous analysis, A.M. Best has maintained the excellent credit ratings attributed to SSQ, Life Insurance Company Inc. We welcome this decision...

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Life Insurance Company Ratings Categories

When you choose a life insurance company the first consideration should be the life insurance company rating – the financial strength of that company, even before competitiveness and pricing. Obviously, if the company is unable to pay the benefits promised in the life insurance policy, then every other consideration was unimportant. So, choose your company by price, benefits and design but always do a life insurance comparison of the company’s financial strength before you buy. You can do this by checking the financial strength rating online. Life insurance companies are ranked by independent services according to the financial strength of the company. This is done by a rating system. These...

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When Analyzing Insurance Companies, There’s More to Ratings Than Meets the Eye

Is “adequate” adequate? This is not an existential question, but one every insurance analyst asks all the time. “Adequate” is the rating level of an insurance company that is considered investment grade. Being labeled as investment grade means that the company has a relatively low risk of defaulting on its obligations. In terms of bonds, an investment-grade rating is B++ (or higher) according to A.M. Best or Baa3 or higher according to Moody’s Investors Service or BBB- or higher according to S&P, Kroll, or Fitch Ratings. These credit ratings represent the opinion from each rating agency that the company will be able to pay back its obligations (also known as its debt) in a timely manner...

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What to Know About Insurance Company Ratings—and Which Companies Are the Best Rated - ValuePenguin

Insurance companies are subject to financial ratings that attempt to describe how financially stable they are. The most prominent financial ratings agency for insurance companies is A.M. Best, though the big credit agencies all look at insurers, too. You should consider an insurance carrier's financial rating before purchasing coverage, as it indicates its ability to pay claims, especially in times of financial strain—like a natural disaster. What Are Insurance Company Ratings? Why Do They Matter? Insurance company ratings are holistic scores created by ratings agencies to succinctly describe the financial strength of an insurance company. Financial ratings companies consider a wide variety...

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AM Best Affirms Credit Ratings of Sagicor Financial Company Ltd. and Its Subsidiaries

AM Best has affirmed the Financial Strength Ratings (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" of Sagicor Life Inc. (St. Michael, Barbados) and Sagicor Life Insurance Company (Austin, TX). Concurrently, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of "bbb+" of Sagicor Life Jamaica Limited (Kingston, Jamaica). In addition, AM Best has affirmed the Long Term ICR of "bbb-" of the ultimate parent, Sagicor Financial Company Ltd. (Bermuda) and the Long-Term Issue Credit Rating of "bbb" on the USD 320 million, 8.875% senior unsecured bonds that mature in 2022 of Sagicor Finance (2015) Limited (Cayman Islands). The outlook of these...

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San Juan Island Fire Rescue announces WSRB insurance rating changes, The Journal of the San Juan Islands

Submitted by San Juan Island Fire & Rescue San Juan Island Fire and Rescue announced receiving notification by the Washington State Rating Bureau of a significant change to their evaluation of San Juan Island’s property underwriting and rating information for the insurance industry following its re-rating review that occurs approximately every 5 years. WSRB issued the updated rating: The WSRB rating for San Juan Island (outside of Friday Harbor) has been reduced from a Fire Protection Classification 7 to a Fire Protection Classification 6. The WSRB rating for the Town of Friday Harbor remains at a Fire Protection Classification of 6. As a private, for-profit company, WSRB does not...

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AM Best Affirms Credit Ratings of United Life Insurance Company, Kuvare

February 21, 2020 11:51 AM Central Standard Time OLDWICK, N.J--( BUSINESS WIRE )--AM Best has removed from under review with negative implications and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of United Life Insurance Company (ULIC) (Cedar Rapids, IA). The outlook assigned to these Credit Ratings (ratings) is stable. The ratings of ULIC reflect its balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). The ratings are reflective of the strongest level of risk-adjusted capitalization, capital and...

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A.M. Best affirms American Family's 'A' financial strength rating

A.M. Best affirmed American Family Insurance’s ‘A’ (Excellent) financial strength rating, the third highest of their 15 ratings, for the 18 year in a row. It also affirmed the company’s issuer credit rating of ‘a+’ for the third year in a row. For the first time, the company was assessed an innovation score, resulting in an innovation rating of “Significant” (the third of five ratings). The innovation rating acknowledges the company’s commitment to a culture that promotes innovative ideas and solutions to improve processes, workflows and overall business results. The financial strength rating includes American Family, The General,...

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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 management (ERM). The ratings also reflect drag from the parent holding company, First Tower Finance Company LLC (...

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Life insurance sector witnesses 18.6 pc drop in first-year premium: CARE Ratings, Business News – India TV

Hit hard by the coronavirus pandemic, the life insurance sector witnessed an 18.6 per cent drop in the first year premium to Rs 49,335 crore in the April-June quarter of the current financial year, according to a report by CARE Ratings. The overall sum assured also declined 12.9 per cent to Rs 8.8 lakh crore in the June 2020 quarter, compared with Rs 10 lakh crore (which was an increase of 17.6 per cent) in the corresponding period of the previous year. The sector had seen their first-year premium declines of 32.6 per cent and 27.9 per cent in April 2020 and May 2020, respectively, the report said adding that the June 2020 quarter figures are indicative that the sector is moving towards...

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