Monday, May 18, 2009

 

A.M. Best Downgrades Issuer Credit Ratings of Primerica Life Insurance Company and Its Subsidiaries

A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and downgraded the issuer credit ratings (ICR) to "aa-" from "aa" of Primerica Life Insurance Company (PLIC) (Boston, MA) and its subsidiaries, National Benefit Life Insurance Company (New York, NY) and Primerica Life Insurance Company of Canada (Mississauga, Ontario) (collectively known as Primerica Life). The outlook for all ratings is stable. These companies are currently indirect insurance subsidiaries of Citigroup, Inc. (Citigroup) (Delaware) (NYSE: C).

A.M. Best Downgrades Issuer Credit Ratings of Primerica Life Insurance Company and Its Subsidiaries
Source: Insurance News Net

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