Monday, 23 January 2017

A.M. BEST REVISES OUTLOOKS TO POSITIVE FOR NIPPON LIFE INSURANCE COMPANY OF AMERICA AND AFFIRMS CREDIT RATINGS OF NIPPON LIFE INSURANCE COMPANY

HONG KONG, Jan 23 (Bernama-BUSINESS WIRE) -- A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Nippon Life Insurance Company of America (NLB) (Des Moines, Iowa, USA). Concurrently, A.M. Best has affirmed the FSR of A+ (Superior) and the Long-Term ICR of “aa-” of its parent, Nippon Life Insurance Company (Nissay) (Japan). The outlook of these Credit Ratings (ratings) is stable.
 
The ratings reflect Nissay’s robust risk-adjusted capitalization, sound business profile and favorable operating results.


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