OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has removed from under review with positive implications and upgraded the financial strength rating to A- (Excellent) from B++ (Good) and the issuer credit rating to “a-” from “bbb” of Security Life Insurance Company of America (Security Life) (Minnetonka, MN). The outlook assigned to each rating is stable.
The rating actions follow the recent public announcement regarding the completion of the acquisition of Security Life by Ameritas Life Insurance Corp. (Ameritas), which was effective on April 1, 2016. Ameritas is a leading provider of group dental and vision insurance as well as a provider of life insurance, annuities and other financial services on a national basis. A.M. Best believes that Security Life’s business, which focuses primarily in the individual and small- to mid-size employer markets, will benefit from the strength of Ameritas’ significant dental network and provider discounts as well as the excellent financial flexibility under its new parent organization. A.M. Best anticipates that Security Life’s business will be fully integrated into Ameritas’ operations over the next twelve to twenty-four months.
This press release relates to rating(s) that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page.
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