OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has withdrawn the financial strength rating (FSR) of A+ (Superior) and the issuer credit rating (ICR) of “aa-“ of Reassure America Life Insurance Company (REALIC) (Fort Wayne, IN) following its legal merger into its parent, Jackson National Life Insurance Company (Jackson) (Lansing, MI).
This transaction closed on December 31, 2012, and at that time, all assets and liabilities of REALIC were merged into Jackson. Jackson currently has an FSR of A+ (Superior) and an ICR of “aa-” with a stable outlook.
The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
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