AM Best Ratings for Guaranty Income Life and Lincoln Benefit Life Insurance

AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (ICR) of "a-" (Excellent) for Guaranty Income Life Insurance Company, United Life Insurance Company, and Kuvare Life Re Ltd. These ratings underscore the stable financial position of the carrier entities within the Kuvare Retail Group, renowned for their retail insurance products in the United States and Bermuda.

For Lincoln Benefit Life Company (LBL), the FSR holds at B++ (Good) and the Long-Term ICR at "bbb" (Good), with an outlook shift from negative to stable. AM Best’s evaluation highlights the Kuvare Retail Group's robust balance sheet, satisfactory operational performance, and effective risk management strategies. Recent advancements in premium growth, particularly concerning key annuity products, have enhanced their capital position, leverage metrics, and risk management, supporting a targeted growth strategy within regulatory compliance requirements.

Lincoln Benefit Life’s ratings reflect moderate financial strength and a constrained business scope coupled with an efficient enterprise risk management framework. Capital infusions remain critical for its reinsurance operation, Lancaster Re Captive Insurance Company, influencing LBL’s capital adaptability. While legacy challenges in the universal life with secondary guarantees segment persist, active measures are in place to mitigate their impact on future financial metrics. Kuvare Life Re's ratings benefit from its solid balance sheet and satisfactory operational results, with a neutral business outlook from AM Best.

This comprehensive assessment by AM Best, a renowned authority in insurance industry evaluations, guides professionals keen on understanding the intricacies of underwriting, claims, and risk management within these entities. For more detailed insights on ratings and the regulatory landscape, industry professionals can refer to AM Best’s detailed publications and compliance guidelines available on their official website.