AM Best confirms the credit ratings of MetLife and its life/health subsidiaries – QNT Press Release


Best morning The financial strength rating (FSR) of Metropolitan Life Insurance Group member A+ (Superior) and the long-term issuer credit rating (Long-Term ICR) of “aa-” (Superior) have been confirmed. At the same time, AM Best confirmed the “a-” (excellent) long-term ICR and MetLife’s long-term and short-term issuance credit ratings (Long-Term IR; Short-Term IR) (headquartered in New York City, New York) (New York Stock Exchange code:metropolis). The outlook for these credit ratings (ratings) is stable. (For a detailed list of companies and long-term and short-term IRs, please see below.)

This rating reflects the strength of the MetLife Insurance Group’s balance sheet, which AM Best believes is strong, as well as its strong operating performance, very favorable business conditions and appropriate corporate risk management.

Metropolitan Life Insurance Group’s strong balance sheet assessment is supported by its comprehensive view of capital adequacy ratio, and the liquidity and financial flexibility of its ultimate parent company has enhanced the capital adequacy ratio. The company has historically maintained a large amount of excess liquidity. In addition, the rating confirms that the group’s balance sheet liability risk continues to decrease, which is related to the decline in MetLife’s product portfolio over time and equity and interest rate risks. Financial leverage and interest coverage ratio are maintained at appropriate rating levels.

On the basis of statutory and generally accepted accounting principles, the group continues to generate profitable revenue growth and continued positive operating indicators. Revenue varies by region, business line and distribution channel. The income volatility of the group welfare department is relatively low. AM Best believes that Metropolitan Life Insurance Group’s operating performance is strong. The group focuses on higher-margin product lines, with low return volatility, cost efficiency, and double-digit GAAP return on equity. ERM was deemed appropriate because the group continues to focus on improving its overall plan and capital model.

The rating also reflects the organization’s strong and reliable market position in its core business areas, as well as the diversity of its products and geographic markets in the United States, Asia and Latin America, and Europe, the Middle East and Africa.

The long-term ICR of A+ (Superior) FSR and “aa-” (Superior) of the following subsidiaries of MetLife, Inc. (collectively referred to as MetLife, Inc.) have been confirmed as stable prospects:

  • Delaware American Life Insurance Company

  • Metropolitan Life Insurance Company

  • Metropolis Tower Life…

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