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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