A.M. Best Assigns Ratings to American Retirement Life Insurance Company
09 9월 2010 - 1:22AM
Business Wire
A.M. Best Co. has assigned a financial strength rating
(FSR) of B++ (Good) and issuer credit rating (ICR) of “bbb+” to
American Retirement Life Insurance Company (ARLIC), a
subsidiary of Loyal American Life Insurance Company (Loyal)
(Cincinnati, OH), which in turn is indirectly owned by Great
American Financial Resources, Inc. (GAFRI), a wholly owned
subsidiary of American Financial Group, Inc. (NYSE: AFG).
The outlook assigned to both ratings is stable.
The rating action on ARLIC reflects the benefits it receives
from the financial strength and operating profile of GAFRI, which
provides administrative expertise and expanded distribution
capacity for the future growth of the company’s product lines. In
addition, the rating considers the quality of ARLIC’s investment
portfolio, which is focused on publicly traded, investment grade,
fixed income securities.
A.M. Best remains concerned that the individual health business,
primarily Medicare supplement coverage, will make up the majority
of ARLIC’s future premium income and expose the company to the
considerable regulatory and competitive pressures associated with
this business.
The principal methodology used in determining these ratings is
Best’s Credit Rating Methodology -- Global Life and Non-Life
Insurance Edition, which
provides a comprehensive explanation of A.M. Best’s rating process
and highlights the different rating criteria employed. Additional
key criteria utilized include: “Risk Management and the Rating
Process for Insurance Companies”; “Understanding BCAR for Life and
Health Insurers”; “Rating Members of Insurance Groups”; and “Rating
New Company Formations.” Methodologies can be found at
www.ambest.com/ratings/methodology.
Founded in 1899, A.M. Best Company is a global full-service
credit rating organization dedicated to serving the financial and
health care service industries, including insurance companies,
banks, hospitals and health care system providers. For more
information, visit www.ambest.com.
American Financial (NYSE:AFG)
과거 데이터 주식 차트
부터 6월(6) 2024 으로 7월(7) 2024
American Financial (NYSE:AFG)
과거 데이터 주식 차트
부터 7월(7) 2023 으로 7월(7) 2024
