Fitch Affirms Navy Mutual Aid Association’s IFS Rating at ‘A+’
Fitch Ratings has affirmed Navy Mutual Aid Association’s Insurer Financial Strength rating at’ A+’. The Rating Outlook is Stable. NMAA maintains extremely strong capitalization with an RBC ratio of 470% as of Sept. 30, 2014 compared with 469% at year-end 2013. The company’s TAC increased approximately 4% to $239 million for the first nine months of 2014, driven…
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