AM Best Removes From Under Review with Developing Implications and Takes Various Credit Rating Actions on American National Insurance Company and Most of Its Affiliates
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 27 2024
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Source: Newsfilter
Rating Changes for American National Group: AM Best downgraded the Long-Term Issuer Credit Rating (ICR) of American National Insurance Company and its affiliates from "a+" to "a", while affirming their Financial Strength Rating (FSR) of A. The ratings reflect a very strong balance sheet but negative quality of capital.
American Equity Upgrade: AM Best upgraded the FSR and Long-Term ICR of American Equity Investment Life Insurance Company and its subsidiaries from A- to A, citing strong operating performance and a favorable business profile, while maintaining the under review status for Garden State Life Insurance Company.
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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.
