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AM Best has assigned Advantage Life Puerto Rico AI (ALPR) and Advantage Life Assurance II (ALAI) a financial rating of B++ (good) and a long-term issuer credit rating of ‘bbb+’ (good). The locations of both companies are as follows.
The rating reflects the strength of ALPR’s balance sheet, which AM Best assesses as very strong, marginal operating results, a neutral business profile and good corporate risk management. The rating also reflects AM Best’s adequacy of ALAI’s balance sheet strength, adequate operating performance, neutral business profile and adequate corporate risk management.
ALPR and ALAI operate as sister companies and wholly owned subsidiaries of ALAI.
This press release relates to credit ratings posted on AM Best’s website. For all rating information related to the release and related disclosures, including details of the office responsible for issuing the individual ratings referenced in this release, please visit AM Best’s. Recent Ratings Activity web page. See below for additional information regarding the use and limitations of Credit Rating Opinions. Best credit rating guideInformation regarding the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases can be found here. Guide to Correct Use of Best Ratings and Ratings.
AM Best is a global credit rating agency, news publisher and data analytics provider dedicated to the insurance industry.Head office location
Copyright © 2022 AM Best Rating Services, Inc. and/or its affiliates. all rights reserved.
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Source: AM Best
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