A.M. Best Affirms Ratings of Investors Heritage Life Insurance Company.OLDWICK, N.J. -- A.M. Best Co. has affirmed af·firm v. af·firmed, af·firm·ing, af·firms v.tr. 1. To declare positively or firmly; maintain to be true. 2. To support or uphold the validity of; confirm. v.intr. the financial strength rating (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) of B+ (Good) and issuer credit rating (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ) of "bbb-" of Investors Heritage Life Insurance Company (Investors Heritage Life). Concurrently, A.M. Best has affirmed the ICR of "bb-" of its holding company, Kentucky Investors, Inc. [KINV.OB]. The outlook for all ratings is stable. The ratings reflect Investors Heritage Life's stable operating profitability, adequate level of risk-adjusted 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. and niche position in the pre-need marketplace. Partially offsetting these strengths are Investors Heritage Life's recent decline in direct premiums written, high level of mortgage loans relative to capital and spread compression, which is challenging the earnings generation on its core pre-need products. For Best's Ratings Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. , an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com. |
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