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 (13,170)
  • Industry Conferences (2)
  • Industry Job Openings (16)
  • Negative Media (127)
  • Positive Media (73)
  • Sheryl's Articles (499)
  • Sheryl's Blogs (147)
  • Wink's Articles (198)
  • Wink's Blogs (167)
  • Wink's Press Releases (78)
  • Blog Archives

  • August 2019
  • July 2019
  • 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 Revises Outlooks to Positive for Liberty Bankers Life Insurance Company and Its Subsidiaries

    July 29, 2019 by AM Best

    OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Ratings of “bbb+” of Liberty Bankers Life Insurance Company (Oklahoma, OK) and its wholly owned life insurance subsidiaries. Liberty Bankers Life Insurance Company, along with its subsidiaries —The Capitol Life Insurance Company (Dallas, TX) and American Benefit Life Insurance Company (Oklahoma, OK) — collectively are known as the Liberty Bankers Group.

    The ratings reflect Liberty Bankers Group’s balance sheet strength, which AM Best categorizes as strong, as well as its adequate operating performance, neutral business profile and marginal enterprise risk management (ERM).

    The outlook revisions reflect the continued improvement in the Liberty Bankers Group’s ERM program, which AM Best believes constitutes a formal enterprise-wide risk management framework. The company previously had a chief risk officer (CRO) who was responsible for ERM, in addition to the role of chief actuary. The company recently hired a new CRO who is devoted fully to ERM, and who has made significant progress in advancing the ERM process.

    From a balance-sheet perspective, the group benefits from very strong Best’s Capital Adequacy Ratio (BCAR) scores and adequate reserves. Partially offsetting these strengths is an elevated exposure to NAIC 2 bonds, as compared with life/annuity industry totals, in addition to high exposure to real estate and mortgage loans. The group does have a successful track record of managing these asset classes.

    With respect to Liberty Bankers Group’s operating performance, return on equity is in the mid-single digits and premiums have increased over the last few years. Although moderate acquisition activity, along with increasing life insurance sales, have caused strain, overall net income has been positive in each of the last five years. The group has shown an ability to grow organically through new lines of business and acquisitions. It offers products that generally are deemed low risk and works with a large number of independent agents.

    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

    Bruno Caron
    Senior Financial Analyst
    +1 908 439 2200, ext. 5144 

    bruno.caron@ambest.com

    Christopher Sharkey
    Manager, Public Relations
    +1 908 439 2200, ext. 5159 

    christopher.sharkey@ambest.com

    Edward Kohlberg
    Director
    +1 908 439 2200, ext. 5664 

    edward.kohlberg@ambest.com

    Jim Peavy
    Director, Public Relations
    +1 908 439 2200, ext. 5644 

    james.peavy@ambest.com

    Originally Posted at Business Wire on July 25, 2019 by AM Best.

    Categories: Industry Articles
    currency