In a release from A.M. Best that you can read here the company has affirmed the Financial Strength Rating (FSR) and the Long-Term Credit Ratings (ICR) of the life and health subsidiaries of Assurant, Inc.  The FSR rating was affirmed at A- (Excellent) and the ICR rating was a-.  The company’s outlook was listed as Stable.

The life and health subsidiaries of Assurant are composed of the company’s domestic and foreign preneed life insurance business as well as a portion of its credit life and health insurance operations.

The bulk of Assurant’s preneed business is through American Memorial Life Insurance and Assurant Life of Canada (ALOC).  According to the press release, the ratings of American Memorial reflect its balance sheet strength, as well as it strong operating performance and favorable business profile.  Again, according to the press release, American Memorial has experienced favorable premium growth trends over the past five years.

The release also states that the ratings of Assurant Life of Canada reflect its balance sheet strength.  ALOC is also, as named in the release, the leading writer in the Canadian preneed market.  Finally, ALOC is lauded for its “consistent premium growth and positive operating gains”.

[wpforms id=”436″ title=”true” description=”true”]