A.M. Best Affirms Credit Ratings of Beneficial Insurance Limited
The ratings reflect BIL’s balance sheet strength, which
BIL’s balance sheet strength is underpinned by its risk-adjusted capitalization, which is currently at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). Over the medium term,
BIL has a track record of strong operating performance, with the company having reported a five-year average return on equity of 18% (fiscal years 2014-2018). Profitability over this period has been driven by underwriting operations and a good five-year average combined ratio of 90%. Prospectively,
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
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. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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