A.M. Best Removes From Under Review and Downgrades Credit Ratings of EmblemHealth Inc.’s Insurance Subsidiaries
The ratings were placed under review with negative implications on
The ratings reflect EmblemHealth’s balance sheet strength, which
EmblemHealth’s combined capital and surplus has been negatively impacted by continued underwriting losses and restructuring costs related to its business and technology transformation. The level of capital and surplus of
Although
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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