A.M. Best Downgrades Rating for Two Unitrin Life Members.Business Editors OLDWICK, N.J.--(BUSINESS WIRE)--Dec. 20, 2001 A.M. Best Co. has downgraded the financial strength rating to A (Excellent) from A+ (Superior) for two life insurance members of the Unitrin Life and Health Insurance Group, namely, United Insurance Company of America, Chicago, and its subsidiary, Union National Life Insurance Company, Baton Rouge, Louisiana For the Canadian restaurant, see . Baton Rouge (from the French bâton rouge), pronounced /ˈbætn ˈɹuːʒ/ in English, and . The downgrade Downgrade A negative change in the rating of a security. Notes: For example, an analyst may downgrade a stock from strong buy to buy, or a bond rating agency may downgrade a bond from AAA to AA. reflects these companies continued reliance on home service life insurance as their principal business segment. Over the last several years, the Years, The the seven decades of Eleanor Pargiter’s life. [Br. Lit.: Benét, 1109] See : Time challenge of operating in the home service market has been evident in declining sales. Concurrent with these declining sales trends, the companies are dealing with a high expense structure due largely to their career agency distribution system. This rating action reflects the unlikely prospects for the companies to reverse these declining sales trends to adequate levels. Additionally, A.M. Best is affirming the financial strength rating of A (Excellent) for Reliable Life Insurance Company, Webster Groves, Missouri Webster Groves is a city in St. Louis County, Missouri, United States. The population was 23,230 at the 2000 census. The city is named after New England politician Daniel Webster. Geography Webster Groves is located at (38. , and assigning it a group rating with its parent, United Life Insurance Company of America. Together, these companies form the career agency group for the parent, Unitrin, Inc. All three of these companies provide and service life and health insurance products through approximately 3,100 career agents in 25 states and the District of Columbia District of Columbia, federal district (2000 pop. 572,059, a 5.7% decrease in population since the 1990 census), 69 sq mi (179 sq km), on the east bank of the Potomac River, coextensive with the city of Washington, D.C. (the capital of the United States). . These companies, along with their ultimate parent, Unitrin, Inc., continue to maintain an excellent level of 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 profitable operating results. 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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