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Navy Mutual Rated A+ Insurer Financial Strength (IFS) By Fitch Ratings News provided by Share this article Share this article ARLINGTON, Va., Dec. 18, 2020 /PRNewswire/ Fitch Ratings ( Fitch ) has affirmed the A+ Insurer Financial Strength (IFS) rating and stable outlook of the Navy Mutual Aid Association ( Navy Mutual ). For an organization of our size, A+ is the highest rating possible. Strong capitalization, adequate profitability, and conservative investment profile were cited by Fitch as the primary drivers for our positive rating and stable outlook. Fitch assesses Navy Mutual s capitalization as very strong as demonstrated by an RBC ratio of 541% at YE 2019 and a Prism Capital Model Score of Extremely Strong based on YE 2019 data. Fitch also points to Navy Mutual s conservative investment profile as a strength in its rating review. Fitch noted that Navy Mutual has effectively managed long-term interest rate risk through product design, pricing ....