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AM Best Comments on the Credit Ratings of Prosperity Life Group's Subsidiaries Following Merger Announcement

AM Best Comments on the Credit Ratings of Prosperity Life Group s Subsidiaries Following Merger Announcement.
AM Best has commented that the Financial Strength Rating of A- and the Long-Term Issuer. ....

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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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AM Best Comments on the Credit Ratings of Prosperity Life Group's Subsidiaries Following Merger Announcement - Insurance News

AM Best Comments on the Credit Ratings of Prosperity Life Group's Subsidiaries Following Merger Announcement - Insurance News
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NATIONAL WESTERN LIFE GROUP, INC. - 10-K - MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS – InsuranceNewsNet

Certain information contained herein or in other written or oral statements made by or on behalf of National Western Life Group, Inc. and its subsidiaries are or may be viewed as forward-looking. Management's discussion and analysis of the financial condition and results of operations of National Western Life Group, Inc. for the three years ended December. ....

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National Western Life Announces Reinsurance Transaction

National Western Life Announces Reinsurance Transaction
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AUSTIN, Texas, Jan. 18, 2021 /PRNewswire/ National Western Life Insurance Company ( NWLIC ), a wholly owned subsidiary of National Western Life Group, Inc. (Nasdaq: NWLI), announced today the execution of an annuity reinsurance transaction with Prosperity Life Assurance Limited ( Prosperity ), a Bermuda based reinsurer rated A- (Excellent) by A. M. Best. The effective date of the transaction is December 31, 2020.
In a strategic move to expand financial flexibility and provide opportunity for incremental earnings, the Company entered into an annuity reinsurance agreement with Prosperity, an emerging provider of customized and innovative reinsurance solutions to the life insurance and annuity industry, in a transaction encompassing approximately $1.7 billion in fixed annuity reserves. ....

United States , Stephenm Van , Rossr Moody , Ozark National Life Insurance Company , Prosperity Life Assurance Limited , Am Best , National Western Life , National Western Life Insurance Company , National Western Life Group Inc , National Western Life Group , Chief Executive , Western Life Group , Chief Risk , ஒன்றுபட்டது மாநிலங்களில் , ஓஜர்க் தேசிய வாழ்க்கை காப்பீடு நிறுவனம் , ப்ராஸ்பெரிடீ வாழ்க்கை உறுதி வரையறுக்கப்பட்டவை , நான் சிறந்தது , தேசிய மேற்கு வாழ்க்கை , தேசிய மேற்கு வாழ்க்கை காப்பீடு நிறுவனம் , தேசிய மேற்கு வாழ்க்கை குழு இன்க் , தேசிய மேற்கு வாழ்க்கை குழு , தலைமை நிர்வாகி , மேற்கு வாழ்க்கை குழு , தலைமை ஆபத்து ,