AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of 'a' (Excellent) of the life/health insurance subsidiaries of
These subsidiaries are referred to collectively as
The ratings reflect CNO's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management. The rating affirmations primarily reflect the stable and consistently diversified operating performance supported by favorable premium growth trends. The company's move to improve the capital efficiency of its operating company,
CNO has a well-diversified product portfolio where its broad set of distribution channels offer a wide array of retirement, life and accident and health products. AM Best acknowledges that these markets are very competitive; however, CNO has carved out a competitive position through its diversified distribution and enhanced technological capabilities. Its recent formation of a
The FSR of A (Excellent) and the Long-Term ICRs of 'a' (Excellent) have been affirmed with stable outlooks for the following key life/health subsidiaries of
The following Long-Term IRs have been affirmed with stable outlooks.
'bbb' (Good) on
'bbb' (Good) on
'bbb-' (Good) on
This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
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