The ratings reflect The LDS Group’s balance sheet strength, which
The rating affirmations of
The group has consistently produced favorable underwriting results, which have been complemented by a stable level of investment income. A profitable overall earnings trend and relatively modest dividend requirements have contributed to surplus growth and a sustained solid level of risk-adjusted capitalization.
While recognizing the group’s solid capital position and consistent profitability,
The stable outlooks reflect A.M. Best’s expectation that the company’s rating fundamentals will remain unchanged over the medium term.
Negative rating actions could occur if there is a material reduction in The LDS Group’s risk-adjusted capitalization. Negative rating action also could occur should operating performance deteriorate over a period of time. This may occur should underwriting standards decline, pricing becomes inadequate, or if claims frequency and severity trend upward.
The FSR of A- (Excellent) and the Long-Term ICRs of “a-”, each with a stable outlook have been affirmed for the subsidiaries of
First Assurance Life of America
Loss Deficiency Surety Insurance Company, Inc.
- Performance Life of America
Versant Casualty Insurance Company
Versant Life Insurance Company
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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