A.M. Best Revises Outlooks to Positive for AAA Life Insurance Company and Its Affiliates
AAA Life Group’s ratings reflect the strong brand name recognition of the
Additionally, the positive outlooks reflect operating results that consistently have been positive on a GAAP basis and are trending favorably on a statutory basis, with positive operating results in each of the prior three years.
However, due to the nature of the existing ownership structure and business arrangement,
Partially offsetting these positive rating factors are the impact of new business strain, which includes the impact of Regulation XXX reserving on statutory earnings, and an elevated amount of below investment grade holdings compared with the industry average.
The FSR of A- (Excellent) and the Long-Term ICRs of “a-” have been affirmed for
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Auto Club Life Insurance Company -
Automobile Club of Southern California Life Insurance Company -
AAA Life Re, Ltd. -
Pacific Beacon Life Reassurance Inc.
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 © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
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