AM Best Affirms Credit Ratings of Standard Insurance Company and its Affiliate Companies, and Pacific Guardian Life Insurance Company, Limited
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “a+” (Excellent) of
The ratings of
The ratings of The Standards’ members reflect their balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, favorable business profile and appropriate ERM. The Standard maintains risk-adjusted capitalization at the adequate level, as measured by Best’s Capital Adequacy Ratio (BCAR), and has historically been impacted by dividends paid up to
The ratings of Pacific Guardian reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate ERM. Pacific Guardian’s risk-adjusted capitalization is assessed at the strongest level, as measured by BCAR; however, over the medium term, the BCAR has declined from higher measures primarily from the increased asset and interest risk associated with new multi-year guaranteed annuity (MYGA) production. The investment portfolio consists of a high allocation to commercial mortgage loans, which are concentrated in
The ratings of The Standard and Pacific Guardian also take into consideration their strategic role to and the financial strength of their parent company,
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 use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
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Source: AM Best
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