AM Best Affirms Credit Ratings of Aflac Incorporated and Its Subsidiaries
The ratings reflect
Aflac has reported strong operating earnings and profitability ratios across its various segments, in line with expectations. Aflac’s insurance business consists of two core reporting segments:
Aflac is a leading provider of cancer and supplemental medical insurance in
Aflac’s ERM program is supported by its well-established governance structure, along with culture and risk-management controls. Additionally, the organization completes various stress and scenario tests across its risks, and is adding to its embedded value model by developing more robust economic capital modeling capabilities.
The organization has taken several tactical steps to address the impact of the global COVID-19 pandemic, to include sensitivity and stress testing of capital and liquidity position, operational impacts, investment portfolio, issuance of debt and other measures. AM Best will continue to monitor its practices, as the organization shifts to a global risk management program.
Aflac’s insurance subsidiaries offer a diverse portfolio of supplemental health products in
The following Long-Term IRs have been affirmed with a stable outlook:
Aflac Incorporated—
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “a-” on
-- “bbb+” on
-- “a-” on
The following indicative Long-Term IRs have been affirmed with a stable outlook for securities available under the existing shelf registration:
Aflac Incorporated—
-- “a-” on senior unsecured debt
-- “bbb+” on subordinated debt
This press release relates to Credit Ratings that have been published on AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in
Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200625005567/en/
Senior Financial Analyst
+1 908 439 2200, ext. 5567
[email protected]
Director
+1 908 439 2200, ext. 5797
[email protected]
Associate Director
+852 2827 3424
[email protected]
Manager, Public Relations
+1 908 439 2200, ext. 5159
[email protected]
Director, Public Relations
+1 908 439 2200, ext. 5644
[email protected]
Source: AM Best
Cherry Creek Mortgage Implements Innovative Insurance Solution
Cassaday & Company, Inc. Welcomes Director of Tax Services Benjamin H. Dorsey
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News