A.M. Best Affirms and Assigns Rating to Life Insurance Company of Alabama.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 has assigned an 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-" to Life Insurance Company of Alabama (LICOA) (Alabama). The outlook for both ratings is stable. The ICR assignment reflects LICOA's continued profitable operations, its improved capital and surplus position and management's ongoing efforts to improve the company's operations. Offsetting rating factors include LICOA's inability to significantly increase new life insurance production, the continued challenges associated with managing its unlimited benefit cancer insurance business and its sizeable investment concentration in an individual equity holding. 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 full-service credit rating organization dedicated to serving the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
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