The revised outlook for the Long-Term ICR reflects Multinational Life’s improved risk-adjusted capitalization and strong operating performance in 2016. As evidence of the ongoing success of Multinational Life’s turnaround plan, the company reported a sharp improvement in 2015 earnings; a trend that continued into 2016. However,
Partially offsetting these strengths are further intensification of geographic concentration risk as the company operates solely in
Continued growth of risk-adjusted capitalization, maintenance of favorable operating performance or increased support or added importance by the owners could result in positive rating movement. Conversely, negative rating movement could occur with further deterioration of
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Senior Financial Analyst
Manager, Public Relations
Assistant Vice President, Public Relations