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U.S. Life Insurance 2012 Outlook: Solid Capital And Liquidity Support A Stable Outlook In The Face Of Macroeconomic Headwinds Nov 11
Standard & Poors, Nov 2011
Abstract
Standard & Poor's Ratings Services is maintaining its stable ratings outlook on the U.S. life insurance industry. Standard & Poor's industry outlook reflects our expectation of the prospective balance of upgrades and downgrades. The stable outlook reflects our expectation of continued strong capital and liquidity, and moderate investment portfolio losses. Nevertheless, Standard & Poor's continues to monitor the macroeconomic headwinds facing life insurers, including low interest rates and equity market volatility. Such sustained conditions are likely to result in an increase in negative rating outlooks for individual insurers during 2012. We do not expect to downgrade many life insurance companies as we enter 2012, unless we lower the U.S. sovereign rating (AA+/Negative/A-1+). A one-notch downgrade of the U.S. would, however,...
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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