AM Best Affirms Credit Ratings of Atlantic American Corporation and Its Subsidiaries - Seite 2

The ratings of BFLIG reflect its balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, neutral business profile and appropriate ERM.

BFLIG maintains the strongest level of risk-adjusted capitalization, as measured by BCAR, for its insurance and investment risks. Despite volatility in operating results in recent years, the organization’s capital and surplus levels have been supported by material capital contributions from its parent, Atlantic American. Balance sheet strength is enhanced further by solid liquidity measures and access to an external borrowing capacity that has not been drawn on. While operating performance has fluctuated due to underwriting performance in its Medicare supplement segment, results have trended favorably since 2022 as the organization has undertaken several corrective measures. These measures included rate increases, more stringent underwriting practices, and the gradual diversification of business to lower risk ancillary products. BFLIG’s neutral business profile assessment reflects the continued diversification of its business mix through the expansion of these ancillary accident and health and life products. BFLIG’s ratings also reflect its strategic role within the Atlantic American organization.

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The Atlantic American Stock at the time of publication of the news with a raise of +2,58 % to 2,78USD on Nasdaq stock exchange (06. März 2024, 16:45 Uhr).