“Fitch: Some LTCI Issuers Look a Lot Better Than Others,” by Allison Bell, ThinkAdvisor
“Analysts at Fitch Ratings have been saying, in public, for more than a year, that U.S. long-term care insurance (LTCI) issuers should post more LTCI performance data. … Now, Anthony Beato and other analysts at Fitch have come out with a new report of their own on the financial wellness of the LTCI companies they rate. The analysts look at GE along with another reinsurer, Wilton Re Ltd., and 14 other companies. The 14 other companies are known primarily as direct writers of LTCI coverage but may also have some LTCI reinsurance business on their books. A copy of the full report is available, behind a paywall, here. Here are five highlights from the report, based on a copy Fitch sent to ThinkAdvisor.”
LTC Comment (from Stephen A. Moses, President, Center for Long-Term Care Reform):
Nothing too dramatic.