The ratings reflect Sun Life Group’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and very strong enterprise risk management. Lastly, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of “bbb+” (Good) of Professional Insurance Company (Dallas, TX), an SLF runoff subsidiary. (Please see below for a detailed listing of the Long-Term IRs.)Īdditionally, AM Best has revised the outlooks to positive from stable for Independence Life and Annuity Company (Independence) (Wilmington, DE), a strategic subsidiary of SLF, and affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent). The outlook of these Credit Ratings (ratings) is stable.
Concurrently, AM Best has affirmed the Long-Term ICR of “a” (Excellent) and the Long-Term Issue Credit Ratings (Long-Term IRs) of SLF. (SLF) (Ontario, Canada) (collectively referred to as Sun Life Group). These companies are the core insurance subsidiaries of Sun Life Financial Inc. Oldwick //BestWire// - AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa” (Superior) of Sun Life Assurance Company of Canada (Sun Life) (Ontario, Canada) and Sun Life and Health Insurance Company (U.S.) (Lansing, MI).
