A.M. Best Removes from Under Review with Developing Implications and Affirms Credit Ratings of Grange Life Insurance Company
The ratings reflect Grange Life’s balance sheet strength, which
Grange Life maintains a very strong balance sheet assessment with the strongest level of risk-adjusted capital, along with an improving quality of capital as the company no longer uses a captive reinsurance company and does not use any surplus notes or other forms of debt that could make their balance sheet less conservative than those of its peers.
Offsetting the very strong balance sheet assessment is the marginal operating performance due to poor performing blocks of business, leading to volatile results. The business profile remains limited as the company’s ability to sell is limited to cross-selling opportunities with affiliated property/casualty agents from
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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