Various Rating Actions Taken On U.S. Property/Casualty Insurers With Ratings Bearing A ?pi? Subscript Dec 11
- Language: English
- Published: December 2011
- Region: United States
On Dec. 15, 2011, Standard & Poor's Ratings Services affirmed its 'Api' counterparty credit and financial strength ratings on United Farm Family Life Insurance Co. (UFFLIC) The ratings on UFFLIC reflect the company's very strong capital adequacy and strong liquidity, as measured by our models, and strong profitability, based on its statutory pretax return on revenue and return on assets. The company's limited geographic presence (86% of its 2010 net premiums written in Indiana) somewhat offsets these strengths. UFFLIC, which is based in Indianapolis, writes individual life (about 81% of net premiums) and annuity business (about 19% of net premiums). The company began operations in 1984 and is licensed to operate in 10 states. UFFLIC is wholly owned by Indiana...
Companies mentioned in this report are: United Farm Family Life Insurance Co. (Unsolicited Ratings),Countryway Insurance Co. (Unsolicited Ratings),UFB Casualty Insurance Co. (Unsolicited Ratings),United Farm Family Mutual Insurance Co. (Unsolicited Ratings)
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Product Type: Research Update
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United Farm Family Life Insurance Co. (Unsolicited Ratings),Countryway Insurance Co. (Unsolicited Ratings),UFB Casualty Insurance Co. (Unsolicited Ratings),United Farm Family Mutual Insurance Co. (Unsolicited Ratings)