A.M. Best Revises Outlooks to Positive for Partners Life Limited
The Credit Ratings (ratings) reflect Partners Life’s balance sheet strength, which
While the size of Partners Life’s in-force portfolio has continued to grow rapidly, claims experiences have remained broadly in line with the company’s expectation and recent results have seen a continuous reduction in its operating expenses ratio. Furthermore, starting
Established in
The outlook revisions to positive indicate that possible rating upgrades could occur if Partners Life continues to perform in line with A.M. Best’s expectations, which include sustained profitable growth, as well as growth in premium revenue at a slower rate over time as the business continues to mature. Conversely, the ratings could be downgraded if experience variations lead to a large impairment in net insurance contract assets. Additionally, the ratings may face pressure if Partners Life fails to generate capital on a timely basis to support its operating plan.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
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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Source:
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