A.M. Best Comments on Credit Ratings of Ozark National Life Insurance Company Following Acquisition Announcement
The acquisition reflects uncertainty with regard to the final capital structure of Ozark on a post-close consideration. As part of the sale, Ozark will be maintained as a direct subsidiary of NWLIC and continue to operate as a separate legal entity. A significant portion of capital likely will be paid to the existing owners in the form of an extraordinary dividend before the close of the transaction, which may not be replaced as part of the purchase agreement with NWLIC. A.M. Best’s expectation that the decline in Ozark’s risk-based capital profile will not change the view of the company’s balance sheet strength after the transaction closes.
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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