Finance

Funeral Director Life ratings revised upward

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In this release on Business Wire from the A.M. Best Company issued last week, the insurance ratings firm “has revised the outlook to stable from negative and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-term ICR) of a- of Funeral Directors Life Insurance Company (FDLIC) of Abilene, Texas.”

At the same time the FSR and the ICR of FDLIC wholly owned subsidiary, Kentucky Funeral Directors Life Insurance Company (KFDLIC) of Lexington, Kentucky, have also been revised upward.

According to the linked release, “The ratings of FDLIC and KFDLIC reflect the companies’ balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, limited business profile and appropriate risk management.

Insurance related item —  Public company Assurant is scheduled to release its quarterly results on November 5.  The multi-faceted company has as one of its three main divisions what it refers to as Global Preneed.

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