17 Insurers See Ratings Updates
November 20, 2012
The rating upgrades reflect the financial strength of the Torchmark organization as well as A.M. Best’s expectations of continued strong stand-alone capitalization and favorable trends in sales and earnings for Family Heritage. As a result of the acquisition, Torchmark gains access to Family Heritage’s 1,200 captive agents and roughly 239,000 policies in force. A.M. Best notes that the acquisition provides Torchmark with the ability to expand its supplemental health business segment with a higher margin, return of premium product feature.
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