AM Best Affirms Credit Ratings of Reinsurance Group of America, Incorporated and Its Subsidiaries
2020 SEP 22 (NewsRx) -- By a
The ratings reflect RGA’s balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, favorable business profile and very strong enterprise risk management.
RGA’s balance sheet strength remains solid, and its consolidated risk-adjusted capitalization remains at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). This excess capital along with significant operating cash flows, good financial flexibility, and adequate liquidity at the holding company, as well as a high quality investment portfolio provide a buffer for potential investment losses caused by the COVID-19 pandemic. In addition, RGA’s operating results have generally been favorable, with strong premium growth reported in recent periods within the majority of its core segments and particularly in
While the company’s balance sheet position remains very strong, RGA relies on captive finance solutions for its redundant reserves, which has resulted in a moderate level of operating leverage, although it remains within AM Best’s guidelines. In addition, the company has experienced some earnings volatility within certain core segments including its
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