While not specific to the death care portion of their industry, A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) for the U.S. property/casualty subsidiaries of Assurant, Inc.  The credit rating company has also affirmed the Long-Term Issuer Credit Ratings of Assurant at bbb+.  Best continues that the outlook of these Credit Ratings is Stable.  You can see the report from Business Wire here.

According to the Business Wire article these ratings reflect Assurant’s balance sheet strength, which A.M. Best categorizes as very strong, as well as its strong operating performance, favorable business profile, and appropriate enterprise risk management.

The article does say that Assurant does have exposure in the property/casualty lines to natural catastrophe exposure which can cause earnings to have a degree of variability.  The article finishes by saying that the company minimizes this risk in great part with a geographic spread of risk.

Funeral Director Daily take:  While Assurant has much of its business in the consumer property and electronics warranty insurance business, most of us in the funeral industry know the company for their line of pre-need funeral insurance products.  Please note that today’s A.M. Best ratings are not on the pre-need portion of the business but on the property casualty subsidiaries, but they do give an indication of the overall strength of the company.

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