|
|
 |
|
Viewing report
|
|
|
|
AIG Edison Life Insurance Co.
Standard & Poors, May 2011
Abstract
Strategically important subsidiary of the U.S.-based Prudential Financial group Very strong implicit support from the Prudential Financial group, given AIG Edison's planned merger into Gibraltar in the first quarter of 2012 Somewhat weak profit potential from the core insurance business Declining premium income AIG Edison Life Insurance Co. (AIG Edison; A/Positive/--) is a wholly owned subsidiary of Gibraltar Life Insurance Co. (Gibraltar; AA-/Stable/--), which is one of U.S.-based Prudential Financial Inc.'s (A/Stable/A-1) insurance arms in Japan. In February 2011, the U.S.-based Prudential Financial group acquired all the outstanding shares of AIG Edison from American International Group Inc. (AIG; A-/Stable/A-2), making AIG Edison a subsidiary of Gibraltar. Standard & Poor's Ratings Services regards AIG Edison as a strategically important subsidiary of...
Companies mentioned in this report are: AIG Edison Life Insurance Co.
Action: Review
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.
Research Type: Full Analysis
|
|
|
|
