We would love to hear from you. Click on the ‘Contact Us’ link to the right and choose your favorite way to reach-out!

wscdsdc

media/speaking contact

Jamie Johnson

business contact

Victoria Peterson

Contact Us

855.ask.wink

Close [x]
pattern

Blog + Articles

Categories

  • Industry Articles (12,830)
  • Industry Conferences (2)
  • Industry Job Openings (16)
  • Negative Media (127)
  • Positive Media (73)
  • Sheryl's Articles (483)
  • Sheryl's Blogs (146)
  • Wink's Articles (190)
  • Wink's Blogs (162)
  • Wink's Press Releases (77)
  • Blog Archives

  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • August 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • November 2008
  • May 2008
  • February 2008
  • AM Best Affirms Credit Ratings of Ameritas Life Insurance Corp. and Its Subsidiary

    March 30, 2019 by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of Ameritas Life Insurance Corp. (Lincoln, NE) and Ameritas Life Insurance Corp. of New York (New York, NY). These insurance entities comprise the life/health operations of Ameritas Mutual Holding Company (all companies collectively referred to as Ameritas). Concurrently, AM Best has affirmed the Long-Term Issue Credit Rating (Long-Term IR) of “a-” on the group’s surplus notes ($49.9 million outstanding). The outlook of these Credit Ratings (ratings) is stable.

    The ratings reflect Ameritas’ balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management (ERM).

    Ameritas maintains the strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio, which is further supported by strong liquidity metrics and financial flexibility. Financial and operating leverage are modest for the organization and consist primarily of a modest amount of surplus notes, as well as Federal Home Loan Bank borrowings. The organization continues to maintain a somewhat conservative investment profile, with the largest portion of its assets allocated to higher quality corporate bonds, and a modest exposure to below investment grade bonds relative to the industry and similarly rated companies. While Ameritas has a material allocation in mortgages and real estate-related assets relative to total capital, impairments related to these asset classes have been very modest. Commercial mortgage holdings generally have a low average loan size, favorable loan-to-value ratios and the majority are written with personal guarantees (i.e., with recourse).

    Ameritas’ operating performance has been adequate, though moderate one-time impacts and an uptick in mortality have impacted earnings somewhat in recent years. Premium growth has been favorable over the most-recent five-year period, driven by acquisitions and organic development. Additionally, strong persistency metrics and a steady stream of net investment income have added to earnings reported on a statutory and GAAP basis. However, AM Best notes Ameritas has been somewhat dependent on the group and individual dental business for earnings generation and would like to see increased diversity of earnings throughout the organization going forward.

    Ameritas continues to be a top-three player in its core dental insurance market, with a growing presence as an individual life insurance and annuity carrier. The company maintains diverse business segments and products with distribution capabilities that continue to support the organization’s favorable business profile. Additionally, Ameritas continues to work on enhancement of products and customer experience through various innovative initiatives. The organization continues to further develop and evolve its ERM program and AM Best believes its risk management capabilities are well-matched to its profile of insurance, investment and regulatory-related risks.

    The following Long-Term IR has been affirmed:

    The Union Central Life Insurance Company (merged into Ameritas Corp. effective July 1, 2014)—
    — “a-” on $50 million 8.20% surplus notes, due 2026

    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 Understanding 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 rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.

    Copyright © 2019 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

    Contacts

    Kate Steffanelli
    Senior Financial Analyst
    +1 908 439 2200, ext. 5063
    kate.steffanelli@ambest.com

    William Pargeans
    Director
    +1 908 439 2200, ext. 5359
    william.pargeans@ambest.com

    Christopher Sharkey
    Manager, Public Relations
    +1 908 439 2200, ext. 5159
    christopher.sharkey@ambest.com

    Jim Peavy
    Director, Public Relations
    +1 908 439 2200, ext. 5644
    james.peavy@ambest.com

    Originally Posted at Business Wire on March 28, 2019 by AM Best.

    Categories: Industry Articles
    currency