AM Greatest Affirms Credit score Scores 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 Energy Score (FSR) of A (Glorious) and the Lengthy-Time period Issuer Credit score Scores (Lengthy-Time period ICR) of “a” (Glorious) 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 Scores (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 firms are owned by the group’s final guardian, AMERCO [NASDAQ: UHAL], which can also be the guardian of U-Haul Worldwide, Inc., North America’s main “do-it-yourself” family transferring and self-storage operator.
The scores mirror Oxford Group’s stability sheet power, which AM Greatest assesses as very sturdy, in addition to its sufficient working efficiency, impartial enterprise profile and applicable enterprise danger administration.
Oxford is a multistate, multiline author providing multiyear assured annuities, mounted annuities, remaining expense and Medicare complement merchandise. The scores are supported by Oxford’s risk-adjusted capitalization, which AM Greatest considers to be on the very sturdy degree, as measured by Greatest’s Capital Adequacy Ratio (BCAR), and constant surplus development. Premium development has been pushed by greater 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 internet funding earnings and constructive earnings in its annuity and Medicare dietary supplements strains of enterprise.
The scores of North American Insurance coverage Firm mirror its stability sheet power, which AM Greatest assesses as sturdy, in addition to its sufficient working efficiency, very restricted enterprise profile and applicable enterprise danger administration
This press launch pertains to Credit score Scores which were printed on AM Greatest’s web site. For all score info referring to the discharge and pertinent disclosures, together with particulars of the workplace answerable for issuing every of the person scores referenced on this launch, please see AM Greatest’s Latest Score Exercise internet web page. For extra info concerning the use and limitations of Credit score Score opinions, please view Information to Greatest’s Credit score Scores. For info on the right use of Greatest’s Credit score Scores, Greatest’s Efficiency Assessments, Greatest’s Preliminary Credit score Assessments and AM Greatest press releases, please view Information to Correct Use of Greatest’s Scores & Assessments.
AM Greatest is a world credit standing company, information writer and information analytics supplier specializing within the insurance coverage business. Headquartered in america, the corporate does enterprise in over 100 nations with regional workplaces in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico Metropolis. For extra info, go to www.ambest.com.
Copyright © 2022 by A.M. Greatest Score Companies, Inc. and/or its associates. ALL RIGHTS RESERVED.
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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