A.M. Best Affirms Credit Ratings of Kansas City Life Insurance Company and Its Subsidiaries
The ratings of
An offsetting rating factor is the declining level of capital and surplus due to several one-time events, operating performance that has lagged similarly rated peers and a high dividend payout ratio. Operating performance also has been impacted negatively by the low interest rate environment and resulting decline in portfolio yield relative to the company’s crediting rates on its products, many of which are at their guaranteed crediting minimums.
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
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XL Group Ltd Announces Intent to Voluntarily Delist Outstanding Debt Securities from NYSE
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