May 26, 2016
JACKSON, MISSISSIPPI: AmFirst Insurance Company, an Oklahoma domiciled word association with executive offices located in Jackson, Mississippi and a unconditionally owned subsidiary, Monitor Life Insurance Company of New York, have perceived rating upgrades from A.M. Best.
Monday, May 23rd, A.M. Best announced a upgraded financial strength rating (FSR) to A- (Excellent) from B++ (Good) and a issuer credit ratings (ICR) to “a-” from “bbb+” of AmFirst Insurance Company (AmFirst) (Oklahoma City, OK) and a unconditionally owned subsidiary, Monitor Life Insurance Company of New York (Monitor Life) (Utica, NY). The opinion for any rating is stable. Additionally, A.M. Best has also reserved a FSR of B++ (Good) and a ICR of “bbb+” to TPM Life Insurance Company (TPM) (Lancaster, PA), a unconditionally owned auxiliary of AmFirst. The opinion reserved to any rating is stable.
The rating upgrades simulate AmFirst and Monitor Life’s reward income growth, geographic diversification, auspicious handling gain trend and clever risk-adjusted capital. On a total basis, AmFirst and Monitor Life have shown a auspicious long-term trend of net reward revenue. The trend is driven essentially by increasing sales in their medical opening word and dental products by vital partners.
The companies share extensive selling and sales arrangements for business created by their word entities and vital part-ners, that continue to expostulate new sales and promote marketplace enlargement and ge-ographic diversification. Pre-tax net handling income for a organisation has been consistently certain and handling margins from a core product line sojourn clever driven by top-line enlargement and fast detriment ratios. Capital and over-abundance enlargement over a past 5 years in a low double digits has been achieved by re-tained gain as a outcome of a total company’s auspicious handling results.
“It is really humbling when we work on a plan for over 10 years and it finally comes to fruition,” pronounced David White, AmFirst President. “The ascent of a rat-ing for AmFirst Insurance Company and Monitor Life Insurance Company to A- (Excellent) moves us into a tip row of all word companies.”
Mr. White contributes a success to many, “Our employees, conduit partners, and countless others have been instrumental in assisting us grasp this goal. We wish to appreciate any one of them for their contributions and remind every-one, this is not a end. This is a commencement of a opposite section in the history, and an even improved one.”
For some-more information revisit AmFirst Insurance Company during http://www.amfirstinsco.com/, Monitor Life Insurance Company during http://www.monitorlife.com/, or email Communica-tions Manager Andi Davis during andi.[email protected]
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