A.M. Best Places Credit Ratings of 5 Star Life Insurance Company Under Review With Developing Implications
The under review with developing implications status reflects a reversal in the recent trend of operating losses and declining capitalization ratios that is in line with the current forecast to return to profitability and achieve stabilized capitalization ratios by year-end 2018. The improvement in operating performance is primarily related to a significant change in business strategy as 5 Star Life has shifted from high strain final expense products to worksite products, which have lower statutory strain and a shorter breakeven period. Additionally,
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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