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Prosperity Life ratings unchanged after $1.9bn merger

Prosperity Life ratings unchanged after $1.9bn merger
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AM Best Comments on the Credit Ratings of Prosperity Life Group's Subsidiaries Following Merger Announcement

OLDWICK, N.J., October 11, 2023 AM Best has commented that the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings of "a-" (Excellent) of Prosperity Life Group’s subsidiaries, Shenandoah Life Insurance Company (Roanoke, VA), SBLI USA Life Insurance, Inc. (New York, NY) , Prosperity Life Assurance Limited (PLAL) (Bermuda) and S.USA Life Insurance Company, Inc. (Phoenix, AZ) remain unchanged following the announcement that a definitive merger agreement has been rea ....

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