AM Best Assigns Credit Ratings to Advantage Life Puerto Rico AI and Advantage Life Assurance II – InsuranceNewsNet

oldwick, new jersey–(BUSINESS WIRE)–
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. San Juan, PR. The outlook assigned to these credit ratings (ratings) is stable.

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. Advantage Insurance Co., Ltd. These entities primarily underwrite specialty insurance contracts for private variable universal life and private variable annuity products and provide other related insurance services to business owners and high net worth individuals to meet their risk management and financial planning needs. offers. The company’s investment and liability profile, featuring an entirely separate account product platform where policyholders bear the investment risk, contributes to its strength. In addition, both entities use reinsurance partners to cede the majority of their mortality risk. AM Best said the companies do business with wealthy domestic and international customers and comply with rapidly evolving regulations.

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 usathe company operates in more than 100 countries and its regional offices are: London, Amsterdam, dubai, Hong Kong, Singapore When Mexico City. For more information, see: www.ambest.com.

Copyright © 2022 AM Best Rating Services, Inc. and/or its affiliates. all rights reserved.

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Kevin Barvaro
financial analyst

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Christopher Sharkey
manager, public relations

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Edward Kohlberg
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Al Surabin
communication specialist

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Source: AM Best