14 Insurers See Ratings Updates
Ratings Corner, October 29, 2013
At June 30, 2013, financial leverage as measured by debt to total capital, equity credit adjusted, was 34.8 percent, and annualized debt-to-EBITDA was roughly 2x, representing improvement over historical results that included additional debt from the Hewitt Associates (Hewitt) acquisition Leverage is currently at levels that Fitch views as solid for the rating category. Fitch expects both ratios to remain stable with modest improvement going forward.
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