A.M. Best Revises Issuer Credit Rating Outlook to Positive for Guarantee Trust Life Insurance Company
June 09, 2017
“OLDWICK, N.J. –(BUSINESS WIRE)— A.M. Best has revised the outlook to positive from stable for the Long-Term Issuer Credit Rating (Long-Term ICR) and affirmed the Financial Strength Rating (FSR) of B++ (Good) and the Long-Term ICR of “bbb” of Guarantee Trust Life Insurance Company (GTL) (Glenview, IL). The Credit Rating (rating) outlook for the FSR remains stable.
The revised Long-Term ICR outlook reflects GTL’s strong risk-adjusted capitalization levels, its position as a niche player in the senior market and trend of favorable operating gains. … A.M. Best expects GTL to continue demonstrating organic earnings growth with its focused plan to introduce new products and expand its business profile while maintaining favorable underwriting results and stable investment performance.”