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Tag: Credit Ratings

AM Best upgrades issuer ratings of Genworth Financial, Inc. and Genworth Holdings, Inc. and confirms creditworthiness of U.S. life insurance subsidiaries

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AM Best upgrades issuer ratings of Genworth Financial, Inc. and Genworth Holdings, Inc. and confirms creditworthiness of U.S. life insurance subsidiaries

OLDWICK, NJ, August 28, 2024–(BUSINESS WIRE)–AM Best has upgraded the Long-Term ICRs of Genworth Financial, Inc. (NYSE: GNW) and Genworth Holdings, Inc. (both based in Delaware) and their Long-Term IRs to ‘bb-‘ (fair) from ‘b+’ (marginal). The outlook on these ratings is stable. (See below for a detailed list of Long-Term IRs.) In addition, AM […]

AM Best affirms credit ratings of Horace Mann Educators Corporation and its subsidiaries and assigns issue credit ratings to senior unsecured notes

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AM Best affirms credit ratings of Horace Mann Educators Corporation and its subsidiaries and assigns issue credit ratings to senior unsecured notes

OLDWICK, NJ, August 22, 2024–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of property/casualty insurance members Horace Mann Insurance Group (Horace Mann) and Horace Mann Life Insurance Company (Horace Mann Life). In addition, AM Best has affirmed the FSR […]

AM Best affirms credit ratings of Queen City Assurance, Inc. and Vine Court Assurance Incorporated

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AM Best affirms credit ratings of Queen City Assurance, Inc. and Vine Court Assurance Incorporated

OLDWICK, NJ, August 22, 2024–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a+” (Excellent) of Queen City Assurance, Inc. and Vine Court Assurance Incorporated (both based in Burlington, VT). The outlook on these credit ratings (ratings) is stable. The ratings reflect the Group’s balance […]

AM Best withdraws credit ratings of American Federated Life Insurance Company and American Federated Insurance Company

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AM Best withdraws credit ratings of American Federated Life Insurance Company and American Federated Insurance Company

OLDWICK, NJ, August 16, 2024–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Ratings of “bb” (Fair) of American Federated Life Insurance Company (AFLIC) and American Federated Insurance Company (AFIC). The outlook of these credit ratings (ratings) is stable. At the same time, AM Best has withdrawn […]