The outlook for all ratings is stable. These companies are ultimately owned by
AHLIC's ratings reflect its stabilizing premium trends, along with its continued exposure to downturns in the financial products marketplace as well as
The ratings for Sears Life acknowledge its strong risk-adjusted capitalization and continuing operating profitability. These positive rating factors are offset by Sears Life's nominal business position within CAS and its anticipated future declining trends in life/health premium activities and earnings performance.
The ratings for Triton, CAS' property/casualty operation, recognizes its historically strong operating performance and superior risk-adjusted, albeit declining, capitalization, which is largely due toits significant dividend payments to
Partially offsetting these positive rating factors are Triton's distribution dependence on
While the companies are well positioned at their current rating levels, there could be negative pressure on the ratings and/or outlook should operating performance or risk-based capital measures materially deteriorate or any material change should occur in the rating of the banking parent.
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