AM Greatest Affirms Credit score Rankings of Oxford Life Insurance coverage Firm and Its Subsidiaries – Enterprise Wire

August 19, 2022 By admin

OLDWICK, N.J.–(BUSINESS WIRE)–AM Greatest has affirmed the Monetary Power Score (FSR) of A (Wonderful) and the Lengthy-Time period Issuer Credit score Rankings (Lengthy-Time period ICR) of “a” (Wonderful) of Oxford Life Insurance coverage Firm (Oxford Life) (Phoenix, AZ), and its subsidiary, Christian Constancy Life Insurance coverage Firm (Dallas, TX), that are collectively known as Oxford Group. The outlook of those Credit score Rankings (scores) is steady. Concurrently, AM Greatest has affirmed the FSR of B++ (Good) and the Lengthy-Time period ICR of “bbb” (Good) of North American Insurance coverage Firm (Madison, WI). The outlook of those scores is steady. These corporations are owned by the group’s final dad or mum, AMERCO [NASDAQ: UHAL], which can be the dad or mum of U-Haul Worldwide, Inc., North America’s main “do-it-yourself” family shifting and self-storage operator.
The scores mirror Oxford Group’s stability sheet energy, which AM Greatest assesses as very robust, in addition to its satisfactory working efficiency, impartial enterprise profile and acceptable enterprise danger administration.
Oxford is a multistate, multiline author providing multiyear assured annuities, mounted annuities, ultimate expense and Medicare complement merchandise. The scores are supported by Oxford’s risk-adjusted capitalization, which AM Greatest considers to be on the very robust degree, as measured by Greatest’s Capital Adequacy Ratio (BCAR), and constant surplus progress. Premium progress has been pushed by larger gross sales of the group’s particular person annuity merchandise, particularly its multiyear assured annuity product. The group has maintained a historical past of worthwhile earnings, pushed primarily by constant web funding revenue and optimistic earnings in its annuity and Medicare dietary supplements traces of enterprise.
The scores of North American Insurance coverage Firm mirror its stability sheet energy, which AM Greatest assesses as robust, in addition to its satisfactory working efficiency, very restricted enterprise profile and acceptable enterprise danger administration
This press launch pertains to Credit score Rankings which have been printed on AM Greatest’s web site. For all score data regarding the discharge and pertinent disclosures, together with particulars of the workplace chargeable for issuing every of the person scores referenced on this launch, please see AM Greatest’s Current Score Exercise internet web page. For added data concerning the use and limitations of Credit score Score opinions, please view Information to Greatest’s Credit score Rankings. For data on the correct use of Greatest’s Credit score Rankings, Greatest’s Efficiency Assessments, Greatest’s Preliminary Credit score Assessments and AM Greatest press releases, please view Information to Correct Use of Greatest’s Rankings & Assessments.
AM Greatest is a world credit standing company, information writer and knowledge analytics supplier specializing within the insurance coverage trade. Headquartered in the US, the corporate does enterprise in over 100 international locations with regional workplaces in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico Metropolis. For extra data, go to www.ambest.com.
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Joni Cerbone
Senior Monetary Analyst
+1 908 439 2200, ext. 5726
[email protected]

Christopher Sharkey
Supervisor, Public Relations
+1 908 439 2200, ext. 5159
[email protected]

Rosemarie Mirabella
Director
+1 908 439 2200, ext. 5892
[email protected]

Jeff Mango
Managing Director,
Technique & Communications
+1 908 439 2200, ext. 5204
[email protected]
Joni Cerbone
Senior Monetary Analyst
+1 908 439 2200, ext. 5726
[email protected]

Christopher Sharkey
Supervisor, Public Relations
+1 908 439 2200, ext. 5159
[email protected]

Rosemarie Mirabella
Director
+1 908 439 2200, ext. 5892
[email protected]

Jeff Mango
Managing Director,
Technique & Communications
+1 908 439 2200, ext. 5204
[email protected]

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