Industry Economic And Ratings Outlook: U.S. Health Insurers' Credit Quality Is Strong As The Sector Prepares For Reform May 13
- Language: English
- Published: May 2013
- Region: United States
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The insurer financial strength ratings on Minnesota Life Insurance Co. and its subsidiary, Securian Life Insurance Co. (collectively Minnesota Life), reflect Standard & Poor's Ratings Services' view of the group's solid competitive position in multiple segments that generate diverse sources of earnings, the strong sales momentum that it has generated with third-party distribution channels in most business lines, high customer retention levels, solid customer satisfaction scores, as well as the group's capitalization that Standard & Poor's considers to be redundant at the 'AA' confidence level, and very strong liquidity based on our models. Partially offsetting these strengths are Minnesota Life's thin but relatively consistent operating earnings, redeployed investment risk given its yield enhancement strategy, earnings and capital sensitivity to the...
Companies mentioned in this report are: Minnesota Life Insurance Co.
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Minnesota Life Insurance Co.