A.M. Best Places Credit Ratings of Grange Life Insurance Company Under Review With Developing Implications

OLDWICK, N.J.--()--A.M. Best has placed under review with developing implications the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Grange Life Insurance Company (Columbus, OH).

The under review with developing implications status reflects the announcement on June 4, 2018, that the company has reached an agreement to be acquired by Kansas City Life Insurance Company. The transaction is expected to close in the third quarter of 2018. The ratings will remain under review until the deal closes and A.M. Best determines the rating implications to Grange Life Insurance Company.

This press release relates to Credit Ratings 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. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.

A.M. Best is the world’s oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

A.M. Best
Bruno Caron, +1-908-439-2200, ext. 5144
Financial Analyst
bruno.caron@ambest.com
or
Tom Rosendale, +1-908-439-2200, ext. 5201
Director
thomas.rosendale@ambest.com
or
Christopher Sharkey, +1-908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1-908-439-2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com

Contacts

A.M. Best
Bruno Caron, +1-908-439-2200, ext. 5144
Financial Analyst
bruno.caron@ambest.com
or
Tom Rosendale, +1-908-439-2200, ext. 5201
Director
thomas.rosendale@ambest.com
or
Christopher Sharkey, +1-908-439-2200, ext. 5159
Manager, Public Relations
christopher.sharkey@ambest.com
or
Jim Peavy, +1-908-439-2200, ext. 5644
Director, Public Relations
james.peavy@ambest.com