It was reported today that analysts at Moody’s Investors Service stated that most United States based life insurance companies have a stable rating outlook. At the end of 2004, 73% of the 174 insurance companies rated by Moody’s had a stable financial strength rating. There were 17% with a negative outlook and 4% being reviewed for potential rating downgrades.
The report also noted that the average financial rating for stock company life insurance companies is A1, two levels below the Aa2 rating average for mutual insurers. Moody’s rating categories start at Aaa and move to Aa1, Aa2, Aa3, A1, A2, A3, Baa and down.
This report came from the NU Online News Service. To learn more about insurance company financial strength ratings click here.
Original article: Moody’s Gives Report on Stability of Life Insurance Companies
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