|
|
 |
|
Viewing report
|
|
|
|
Assurant Inc. And Its Operating Subsidiaries Nov 11
Standard & Poors, Nov 2011
Abstract
Multiple leading specialty insurance niche positions. Strong earnings capabilities from diversified businesses. Strong capital adequacy. Strong financial flexibility with support from strong leverage and coverage metrics. Assurant Health's continued weak operating performance. Profit margin susceptible to continued slow economic recovery. Dependent on maintaining its strong relationships with its partners. High exposure to litigation and insurance regulation risks. The counterparty credit rating on Assurant Inc. (NYSE:AIZ) and the insurer financial strength ratings on its rated operating subsidiaries (collectively, Assurant) reflect the group's leading niche positions in several specialty insurance businesses and its strong and diverse earnings sources through multiple operating entities, large distribution partners, and fee-based businesses. Strong capital adequacy and strong financial flexibility with strong leverage and coverage metrics also...
Companies mentioned in this report are: Assurant Inc.,American Bankers Insurance Co. of FL,John Alden Life Insurance Co.,Time Insurance Co.,Union Security Insurance Co.,American Security Insurance Co.,American Bankers Life Assurance Co. of FL,American Memorial 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
|
|
|
|
