A.M. Best Withdraws Ratings of PacifiCare Life and Health Insurance Company
13 August 2015 - 6:01AM
Business Wire
A.M. Best has affirmed the financial strength rating of A
(Excellent) and the issuer credit rating of “a” of PacifiCare
Life and Health Insurance Company (PacifiCare) (Indianapolis,
IN). The outlook for both ratings is stable. Concurrently, A.M.
Best has withdrawn the ratings in response to the company’s request
to no longer participate in A.M. Best’s interactive rating
process.
The rating reflects PacifiCare’s excellent level of
risk-adjusted capitalization, strong earnings and support of its
ultimate parent, UnitedHealth Group Incorporated
(UnitedHealth) [NYSE: UNH]. Partially offsetting these strengths is
a decline in premium, as the business has been transferred from
PacifiCare to other UnitedHealth affiliates.
This press release relates to rating(s) that have been
published on A.M. Best's website. For all rating information
relating to the release and pertinent disclosures, including
details of the office responsible for issuing each of the
individual ratings referenced in this release, please visit A.M.
Best’s Ratings & Criteria Center.
A.M. Best Company is the world's oldest and most
authoritative insurance rating and information source. For more
information, visit www.ambest.com.
Copyright © 2015 by A.M. Best Company,
Inc. ALL RIGHTS RESERVED.
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version on businesswire.com: http://www.businesswire.com/news/home/20150812006253/en/
A.M. Best Company, Inc.Doniella Pliss, 908-439-2200,
ext. 5104Senior Financial
Analystdoniella.pliss@ambest.comorSally Rosen, 908-439-2200,
ext. 5280Assistant Vice
Presidentsally.rosen@ambest.comorChristopher Sharkey,
908-439-2200, ext. 5159Manager, Public
Relationschristopher.sharkey@ambest.comorJim Peavy,
908-439-2200, ext. 5644Assistant Vice President, Public
Relationsjames.peavy@ambest.com
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