AM Best Withdraws Credit Ratings of Aetna Health Insurance Company of New York

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Aetna Health Insurance Company of New York. (New York, NY). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer participate in AM Best’s interactive rating process.

The ratings reflect Aetna Health Insurance Company of New York’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, very limited business profile, appropriate enterprise risk management and support of the Aetna organization.

The rating affirmations reflect the very strong balance sheet strength assessment, which is supported by Aetna Health Insurance Company of New York’s risk-adjusted capitalization being at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR). AM Best notes that the company’s absolute capital and surplus is modest and was less than $12 million at the end of the second quarter of 2026. Aetna Health Insurance Company of New York had reported steady, albeit modest, underwriting and net income. While the company reported underwriting and net losses in 2025, earnings have rebounded through the first half of 2026. While net premium had risen steadily through 2024, this trend reversed beginning in 2025.

The company’s business profile is considered very limited. Aetna Health Insurance Company of New York only writes small group business in the state of New York. The company has announced plans to exit this market at the end of 2026. Aetna Health Insurance Company of New York is part of the larger Aetna organization. AM Best expects Aetna to provide support to Aetna Health Insurance Company of New York should it be needed.

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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