Demotech Assigns Financial Stability Rating® to ManhattanLife Assurance Company of America
Columbus, Ohio, March 30, 2022: ManhattanLife Assurance Company of America has earned a Financial Stability Rating® (FSR) of A, Exceptional, from Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.
FSRs summarize Demotech’s opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace.
About ManhattanLife Assurance Company of America
ManhattanLife Assurance Company of America (MAC) was formed in 1963 Central United Life Insurance Company. The company was acquired into the group in 1993 and was later redomesticated to Arkansas. The company writes Medicare Supplement, workplace voluntary benefits, and individual health products in 49 states. The company conducts sales through independent agents and IMOs. MAC administers its insurance business primarily in Houston, Louisville, and Green Bay. ManhattanLife Assurance Company has a long history of expansion through acquisitions of insurance companies. Please visit manhattanlife.com for further information on the company.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable, and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech’s philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Demotech was the first to review and rate independent regional and specialty insurers. Demotech’s consistently increasing list of accreditations and acceptances has resulted in rating and reviewing more than 400 insurers operating in the US. Visit www.demotech.com for additional information.
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