A.M. Best’s rating action takes into consideration the adequacy of the excess cash flows at Northwind Re available to be transferred as dividends to
Northwind Holdings’ Long-Term IR and outlook may come under negative pressure if any of the following events occur: 1) cash flows to service the note obligations become insufficient; 2) the Credit Rating of Unum Group deteriorates; 3) the coverage ratio of the reserves to policy benefits deteriorates; 4) actual operating performance fails to meet certain benchmarks; and 5) performance of its investment portfolio deteriorates. However, the Long-Term IR and outlook could benefit if a favorable trend occurs in the aforementioned categories.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
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Senior Financial Analyst,
Manager, Public Relations
Director, Public Relations