A.M. Best Affirms Credit Ratings of Teachers Insurance and Annuity Association of America and Its Subsidiary
The ratings reflect the TIAA Group’s balance sheet strength, which
The rating affirmations also reflect TIAA’s strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). Risk-adjusted capitalization has been enhanced by its very strong operating performance that has more than offset investment losses in recent years.
Additionally,
Although net operating performance supports the assessment of very strong,
While TIAA continues to hold its dominant position in the niche
Factors that could result in negative rating actions include a significant and sustained decline in risk-adjusted capitalization, as measured by BCAR, or a material and sustained decline in net operating performance.
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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