'A' pi Rtg To Farmers New World Life Ins.NEW YORK--(BUSINESS WIRE)--Standard & Poor's CreditWire 6/22/98-- Standard & Poor's today assigned as·sign tr.v. as·signed, as·sign·ing, as·signs 1. To set apart for a particular purpose; designate: assigned a day for the inspection. 2. its single-'A' pi insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. financial strength rating to Farmers New World Life Insurance Co. The company is licensed in 32 states and its major line of business is ordinary life insurance. Farmers New World Life Insurance Co. is a member of Farmers Insurance Group, a large insurance group, owned by B.A.T Industries PLC. The company commenced operations in 1911. The following factors are incorporated in the single-'A' pi rating: -- Under Standard & Poor's capital adequacy model, capitalization capitalization n. 1) the act of counting anticipated earnings and expenses as capital assets (property, equipment, fixtures) for accounting purposes. 2) the amount of anticipated net earnings which hypothetically can be used for conversion into capital assets. is extremely strong, with a ratio of over 300%; -- Operating performance is excellent, with an earnings adequacy ratio of 736%, calculated by Standard & Poor's model; -- The company's liquidity ratio of 194.4% is considered appropriate for this rating category. However, it may be a limiting factor A factor or condition that, either temporarily or permanently, impedes mission accomplishment. Illustrative examples are transportation network deficiencies, lack of in-place facilities, malpositioned forces or materiel, extreme climatic conditions, distance, transit or overflight rights, in a higher rating category; and -- The company's rating is limited by the single-'A'-plus financial strength rating of Farmers Insurance Group. Ratings denoted with a 'pi' subscript (1) In word processing and scientific notation, a digit or symbol that appears below the line; for example, H2O, the symbol for water. Contrast with superscript. (2) In programming, a method for referencing data in a table. are insurer financial strength ratings based on an analysis of published financial information and additional information in the public domain. The ratings do not reflect in-depth in-depth adj. Detailed; thorough: an in-depth study. in-depth Adjective detailed or thorough: an in-depth analysis meetings with an insurer's management nor do they incorporate material non-public information, and are therefore based on less comprehensive information than ratings without a pi subscript. Pi ratings are reviewed annually based on a new year's financial statements, but may be reviewed on an interim basis if a major event that may affect an insurer's financial security occurs. The pi rating process covers U.S insurers to which Standard & Poor's previously assigned quantitative ('q') ratings, and may include information beyond that used to derive de·rive v. 1. To obtain or receive from a source. 2. To produce or obtain a chemical compound from another substance by chemical reaction. the previous quantitative-only ratings. Pi ratings are not modified with 'plus' or 'minus' designations, nor are they subject to potential CreditWatch listings, Standard & Poor's said.--CreditWire
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