AM Best Affirms Credit Ratings of Aflac Incorporated and Its Subsidiaries

Written by Emily J. Thompson, Senior Investment Analyst

Source: Businesswire

Updated: Aug 15 2024

0mins

Source: Businesswire

Credit Ratings Affirmed: AM Best has affirmed the Financial Strength Rating of A+ and Long-Term Issuer Credit Ratings of "aa" for Aflac's life/health insurance subsidiaries, reflecting their strong balance sheet strength and operating performance.
Market Position and Challenges: Aflac maintains a leading position in both Japan and U.S. markets but faces challenges in reversing premium declines and growing new sales due to increased competition, despite strong return on equity and effective enterprise risk management.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

AM Best Affirms Credit Ratings of Aflac Incorporated and Its Subsidiaries

About the author

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