A.M. Best has affirmed Unum’s financial strength rating and stable ratings outlook, basing its decision on the company’s strong capitalization, good profitability and favorable operating trends in the face of a weakened economic environment.
“Unum’s core business lines are generating strong earnings and cash flows, with returns exceeding industry medians,” A.M. Best said in a press release. “Moreover, A.M. Best believes capital is being deployed in an efficient and prudent manner,” while maintaining sound risk-adjusted capital ratios. A.M. Best also referenced the company’s persistency, “reflecting the group’s ability to retain quality business.”
The ratings agency also commended Unum for its financial flexibility and for the modest exposure the company’s investment portfolio has to structured securities and real estate-related investments.
“Unum’s core business lines are generating strong earnings and cash flows, with returns exceeding industry medians,” A.M. Best said in a press release. “Moreover, A.M. Best believes capital is being deployed in an efficient and prudent manner,” while maintaining sound risk-adjusted capital ratios. A.M. Best also referenced the company’s persistency, “reflecting the group’s ability to retain quality business.”
The ratings agency also commended Unum for its financial flexibility and for the modest exposure the company’s investment portfolio has to structured securities and real estate-related investments.
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