AM Best Places Credit Ratings of Gulf Guaranty Life Insurance Company Under Review With Developing Implications
AM Best Places Credit Ratings of Gulf Guaranty Life Insurance Company Under Review With Developing Implications
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has placed under review with developing implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb” (Good) of Gulf Guaranty Life Insurance Company (Gulf Guaranty Life) (Flowood, MS).
The Credit Ratings (ratings) reflect Gulf Guaranty Life’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
Gulf Guaranty Life was sold to Acturion, LLC in March of 2025. AM Best has placed these ratings under review with developing implications pending completion of its discussions with the new owners of Gulf Guaranty Life as to the direction of the company’s balance sheet strength, operating performance, profile and ERM.
This press release relates to Credit Ratings that have been published on AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
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Contacts
Igor Bass
Senior Financial Analyst
+1 908 882 1646
igor.bass@ambest.com
Kate Steffanelli
Associate Director
+1 908 882 2337
kate.steffanelli@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
