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.
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