A.M. Best Affirms Credit Ratings of DPL Insurance Limited
The ratings reflect DPL’s balance sheet strength, which
The company’s balance sheet strength assessment is underpinned by adequate risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). Prospectively,
DPL has reported operating profits consistently over the past five years. However, the driver of overall earnings historically has been investment operations, with the company’s small scale underwriting activity, prior to the Autosure acquisition, having created an expense strain that inhibited technical profitability. Commencing fiscal year 2018,
ERM is viewed as appropriate given the size and complexity of DPL’s operations. The company also benefits from a level of risk management oversight and governance from its parent.
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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