A.M. Best Removes from Under Review and Withdraws Ratings of Philadelphia–United Life Insurance Company
The rating actions reflect the change in ownership of P-UL, which has been merged into The
The FSR of B++ (Good) and ICR of “bbb+” of BLI are unaffected. A.M. Best notes that this transaction will benefit BLI due to P-UL’s similar product offerings, potential for expense efficiencies while increasing premiums and the utilization of P-UL’s distribution system.
The principal methodologies used in determining these ratings are Best's Credit Rating Methodology - Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of A.M. Best's rating process and highlights the different rating criteria employed. Additional key criteria utilized include: “Understanding BCAR for Life/Health Insurers”; “Risk Management and the Rating Process for Insurance Companies”; and “Assessing Country Risk.” Methodologies can be found at www.ambest.com/ratings/methodology.
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