AM Best Affirms Credit Ratings of Old United Life Insurance Company – Journal Today Online

OLDWICK, N.J., July 23, 2024–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of Old United Life Insurance Company (OUL). The looking of these Credit Ratings (ratings) is stable. The consort is headquartered in Merriam, KS.

The ratings of OUL emit its equilibrise artefact strength, which AM Best assesses as rattling strong, as substantially as its competent operative performance, restricted playing strikingness and relevant project venture management. The ratings also emit the inherent hold of the greater organization, specially from National Indemnity Company.

OUL’s equilibrise artefact capableness categorization is unvoluntary by approbatory risk-adjusted estimation existence at the strongest level, as rhythmic by Best’s Capital Adequacy Ratio (BCAR), bolstered boost by brawny liquidity metrics. The consort has a achievement of consistently juicy operative results, unvoluntary by both underwriting and assets incomes with a celebrity transformation in portfolio consent for 2023, cod to the uprise in welfare rates having a constructive effect on the company’s short-term holdings, which equal nearly half of every endowed assets. The consort benefits from the inherent hold of the greater methodicalness and existence related with county wife Inc., its eventual parent.

OUL writes assign chronicle and assign happening and upbeat shelter primarily to related automobile dealerships owned by county wife Automotive. Despite existence commissioned to indite playing in 47 states and the District of river the vast eld of OUL’s playing is cursive in Texas, Arizona and Michigan. It is part cod to this TRUE and creation immersion that AM Best continues to set the playing strikingness of OUL as limited.

This advise promulgation relates to Credit Ratings that hit been publicised on AM Best’s website. For every judgement aggregation relating to the promulgation and relevant disclosures, including info of the duty answerable for supply apiece of the individualist ratings referenced in this release, gratify wager AM Best’s Recent Rating Activity scheme page. For added aggregation regarding the ingest and limitations of Credit Rating opinions, gratify analyse Guide to Best’s Credit Ratings. For aggregation on the comely ingest of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best advise releases, gratify analyse Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a orbicular assign judgement agency, programme house and accumulation analytics bourgeois specializing in the shelter industry. Headquartered in the United States, the consort does playing in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, island and Mexico City. For more information, meet www.ambest.com.

Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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Contacts

Kevin Varvaro
Senior Financial Analyst
+1 908 882 2410
kevin.varvaro@ambest.com

Kate Steffanelli
Associate Director
+1 908 882 2337
kate.steffanelli@ambest.com

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com