Message #2 From:
NewsBot Date: July 13, 2006 10:13:00 AM
AAME News A.M. Best Affirms Rating of Bankers Fidelity Life Insurance Company; Assigns Issuer Credit Rating
OLDWICK, N.J.--(BUSINESS WIRE)--July 13, 2006--A.M. Best Co. has affirmed the financial strength rating of B++ (Very Good) and assigned an issuer credit rating of "bbb" to Bankers Fidelity Life Insurance Company (Bankers Fidelity) (Atlanta, GA). Bankers Fidelity is the life/health insurance subsidiary of Atlantic American Corp. (NASDAQ: AAME) (Atlanta, GA). The outlook for both ratings is stable.
The rating assignment reflects the company's continued profitable operating results, its regional presence in the senior health insurance market and its evolving business strategy. However, Bankers Fidelity is currently reliant upon the heavily regulated and increasingly competitive Medicare supplement market. In recent years, Bankers Fidelity has also experienced a decline in its final expense life insurance production, which has offered diversity to its business mix.
For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.
For current Best's Ratings, independent data and analysis on more than 1,100 individual life/health companies and A.M. Best groups, please visit www.ambest.com/lh.
A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com.
