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Balancing Growth And Profitability Are Vital For High Insurer Financial Strength Ratings Apr 99
Standard & Poors, April 1999
Abstract
Standard & Poor's is often asked to identify issues that most commonly drive rating decisions on North American life insurance companies. Although the answer varies depending on the types of companies under review, the businesses they write and their position on Standard & Poor's rating scale, the answer is clear for the most prominent companies with ratings at or near the top. Two issues drive rating assignments for such companies: profitability and growth. This surprises many people, who expect the answer to include factors, such as risk-based capital, liquidity, asset quality, expense levels, or operating income. Indeed, these factors have driven many rating decisions in the past 10 years, but today the presence, or lack thereof, of profitability and growth...
Companies mentioned in this report are: Executive Life Insurance Co. CA,Allstate Life Insurance Co.,Citigroup Inc.,Mutual Benefit Insurance Co.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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