financial strength rating

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

August 28, 2024 | Jasper | Leave a Comment

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 Adamjee Insurance Company Limited

August 23, 2024 | Jasper | Leave a Comment

LONDON, 23 August 2024–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of B (Fair) and the Long-Term Issuer Credit Rating (Long-Term ICR) of ‘bb’ (Fair) of Adamjee Insurance Company Limited (Adamjee) (Pakistan). The outlook of these credit ratings (ratings) is negative. The ratings reflect Adamjee’s balance sheet strength, which AM Best considers to […]

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

August 22, 2024 | Jasper | Leave a Comment

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 withdraws credit ratings of LifeMap Assurance Company

August 20, 2024 | Jasper | Leave a Comment

OLDWICK, NJ, August 20, 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 LifeMap Assurance Company (LifeMap) (Portland, OR). The outlook of the credit ratings (ratings) is stable. At the same time, AM Best has withdrawn these ratings as […]

AM Best reviews American Heritage Life Insurance Company’s credit rating with negative impact

August 19, 2024 | Jasper | Leave a Comment

OLDWICK, NJ, August 19, 2024–(BUSINESS WIRE)–AM Best has reviewed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) of American Heritage Life Insurance Company (American Heritage) (Jacksonville, FL) with negative impact. This follows the announcement on August 13, 2024 that StanCorp Financial Group, Inc. (StanCorp) […]