A.M. Best Affirms Rating of Delta Dental Plan of Minnesota and its Affiliate.Business Editors OLDWICK, N.J.--(BUSINESS WIRE)--Nov. 13, 2002 A.M. Best Co. has affirmed the group financial strength rating of A (Excellent) of Delta Dental Plan Delta Dental Plan, n.pr an active member organization of the Delta Dental Plans Association (a not-for-profit organization), formed and guided by state dental societies to provide prepaid dental care to the public on a group basis. of Minnesota (DDPM DDPM Dual Dynamic Power Management ) (Eagan, MN) and its affiliate, Delta Dental Plan of Nebraska (Omaha, NE). DDPM is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of DeCare dec·are n. A metric unit of area equal to 10 ares. International. The rating outlook is stable. The rating of DDPM reflects its dominant market presence in dental care, positive operating performance through September 2002 and improved capital strength. The rating also recognizes DDPM's ability to service national accounts through the value of the (Delta USA) national provider network and DeCare's diversification through the use of partnering arrangements with non Delta Dental Delta Dental is the largest and oldest dental plan system in the United States. The Delta Dental Plans Association is comprised of 39 independent Delta Dental member companies operating in all 50 states, the District of Columbia and Puerto Rico. branded business. Partially offsetting these strengths are a modest decline in statutory premium revenues due to a decline in public program enrollment in 2001 and the limits on the company's ability to grow statutory capital and raise funds through capital markets by reason of its not-for-profit status and the regulatory environment in Minnesota. DDPM is the leading dental care insurer in Minnesota. Its dominant market presence and innovative approach to providing dental services have produced a positive operating performance. Improvements in operating performance and business diversification have bolstered capital strength amidst a period of negativity in the equity markets. DDPM's corporate culture is innovative in product design and new business dynamics. DeCare and its subsidiaries use partnering arrangements to expand into new markets, spread operating costs operating costs npl → gastos mpl operacionales and strengthen the organization's sphere of influence and ultimately the business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets . A.M. Best believes DDPM must be prudent in its use of capital. The statutory limits on capital growth imposed by Minnesota are serving to curtail growth in the company's business. Consequently, DeCare and its subsidiaries must continue to exercise increased scrutiny in accepting new business that is outside its traditional partnering arrangements. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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