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South Texas Living


A.M. Best affirms Catholic Life’s 30th excellent rating




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May 15, 2013 | 2,715 views | Post a comment

SAN ANTONIO -- A.M. Best Co., an independent insurance industry rating agency, has reaffirmed Catholic Life Insurance’s financial strength. Effective April 30, A.M. Best rated Catholic Life Insurance’s financial stability, security, and management performance as A-(Excellent) with a stable outlook. This is the 30th consecutive year that Catholic Life has earned the “Excellent” rating.

The rating is based on a comprehensive quantitative evaluation of the organization’s balance sheet strength, operating performance, and business profile. Insurers in the excellent category are considered to have an excellent ability to meet their ongoing obligations. Moreover, a stable outlook indicates low likelihood of a rating change due to stable financial/market trends.

In their financial strength rating rationale, A.M. Best states “The ratings of Catholic Life Insurance reflect its more than sufficient risk-adjusted capitalization, overall good credit quality of its fixed income holdings, consistent trend of positive statutory earnings, and its active involvement in managing fraternal outreach programs and lodge activities.”

For more information, visit www.ambest.com.
 

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