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AM Best Comments on Credit Ratings of Jackson National Life Insurance Company and Its Affiliates Following Demerger Announcement


Posted on
8927
AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of Jackson National Life Insurance Company (JNL), its wholly owned subsidiary, Jackson National Life Insurance Company of New York, and its direct parent, Brooke Life Insurance Company (collectively referred to as the Jackson National Group [JNG]) remain unchanged following the recently announced plan for JNG to be separated from its Prudential plc (Prudential) parent via a second-quarter 2021 demerger. All companies are headquartered in Lansing, MI.
On Jan. 28, 2021, Prudential announced that it would pursue the separation of Jackson Financial, Inc. (Jackson), JNG’s U.S. holding company, from the group in the second quarter of 2021 through a demerger, whereby shares in Jackson would be distributed to Prudential shareholders. The demerger, which is subj ....

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AM Best Affirms Credit Ratings of Equitable Holdings, Inc. and Its Life Subsidiaries


Press release content from Business Wire. The AP news staff was not involved in its creation.
AM Best Affirms Credit Ratings of Equitable Holdings, Inc. and Its Life Subsidiaries
January 13, 2021 GMT
OLDWICK, N.J. (BUSINESS WIRE) Jan 13, 2021
AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” of Equitable Financial Life Insurance Company of America (EFLICOA) (Phoenix, AZ) and Equitable Financial Life Insurance Company (EFLIC) (New York, NY). EFLICOA and EFLIC collectively are referred to as Equitable Life Group. The outlook of these Credit Ratings (ratings) is stable. ....

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