U.S. Health Insurers Are Using Strong Fundamentals To Position Themselves For The Future, Conference Panelists Say Jun 12
- Language: English
- Published: June 2012
- Region: United States
On Dec. 15, 2011, Standard & Poor's Ratings Services affirmed its 'Bpi' counterparty credit and financial strength ratings on New Era Life Insurance Co. (NELIC) and its subsidiary, New Era Life Insurance Co. of the Midwest (NELIC Midwest). The ratings on NELIC and NELIC Midwest reflect the group's weak capital adequacy and liquidity as measured by our models, and weak operating performance based on its statutory pretax return on revenues and return on assets. The company's high geographic concentration (84% of direct premiums written in Texas) and aggressive investment profile further limit the ratings. NELIC is headquartered in Houston and is a wholly owned subsidiary of New Era Enterprises Inc., a privately owned holding company. In addition to NELIC Midwest,...
Companies mentioned in this report are: New Era Life Insurance Co. (Unsolicited Ratings),New Era Life Insurance Co. of the Midwest (Unsolicited Ratings)
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
SHOW LESS READ MORE >
New Era Life Insurance Co. (Unsolicited Ratings),New Era Life Insurance Co. of the Midwest (Unsolicited Ratings)