A.M. Best Affirms Ratings of Concord Heritage Life; Removes Ratings From Under Review

A.M. Best Co. has affirmed the financial strength rating of B++ (Good) and issuer credit rating of bbb+ of Concord Heritage Life Insurance Company, Inc. (Concord Heritage Life) (New Hampshire). The ratings have been removed from under review and assigned a stable outlook. These rating actions follow the decision by Liberty Bankers Life Insurance Company (Liberty Bankers Life) (Oklahoma) to withdraw its Form A filing related to its proposed acquisition of Concord Heritage Life.

Concord Heritage Life is a member of the Allstate Financial segment of The Allstate Corporation (Allstate) [NYSE:ALL] (Northbrook, IL). Although Concord Heritage Life is a member of Allstate, its ratings are based upon its stand-alone characteristics and are reflective of its status as a non-core subsidiary. The ratings of the other member companies of Allstate Financial remain unchanged.

For Bests Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors. For more information, visit www.ambest.com.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.