A.M. Best Withdraws Ratings of Woman’s Life Insurance Society

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and issuer credit rating of “a-” of Woman’s Life Insurance Society (The Society) (Port Huron, MI). The outlook for both ratings is negative. Concurrently, A.M. Best has withdrawn both ratings at the company’s request.

The rating affirmations reflect The Society’s adequate risk-adjusted capitalization and well-established niche in the fraternal marketplace as a provider of services and insurance to women.

Partially offsetting these strengths are the Society’s declining operating gains, exposure to interest-sensitive annuity liabilities and a limited business profile with declining ordinary life insurance business.

The principal methodology used in determining these ratings is 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: “Risk Management and the Rating Process for Insurance Companies”; “Understanding BCAR for Life and Health Insurers”; and “Assessing Country Risk.” Methodologies can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2011 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.

A.M. Best Co.Jason Hopper, 908-439-2200, ext. 5016
Financial Analyst
jason.hopper@ambest.com
orRaj Shah, 908-439-2200, ext. 5409
Assistant Vice President
raj.shah@ambest.com
orRachelle Morrow, 908-439-2200, ext. 5378
Senior Manager, Public Relations
rachelle.morrow@ambest.com
orJim Peavy, 908-439-2200, ext. 5644
Assistant Vice President, Public Relations
james.peavy@ambest.com

Source: A.M. Best Co.