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AM Best Upgrades Outlook for EquiTrust Life Insurance to Positive
ByAinvest
Wednesday, Jul 3, 2024 10:24 am ET1min read
AM Best has revised EquiTrust Life Insurance Company's outlook to positive from stable, maintaining its Financial Strength Rating of B++ and Long-Term Issuer Credit Rating of "bbb+". This is based on the company's adequate balance sheet strength, strong operating performance, neutral business profile, and appropriate risk management. The positive outlook reflects EquiTrust's increasing risk-adjusted capitalization and favorable liquidity profile. Despite utilizing unrated reinsurance carriers and having a concentration in structured securities, EquiTrust's managed investment portfolio and declining reinsurance leverage are factors in its growth potential.
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