AM Best Upgrades Revol One’s Credit Outlook, Affirms Ratings

AM Best, the global credit rating agency, has upgraded the outlook for Revol One Insurance Company's Long-Term Issuer Credit Rating from stable to positive. This decision reflects Revol One’s enhanced business profile, bolstered by strategic support from Spartan Insurance Holdings and robust enterprise risk management practices. The company maintains a Financial Strength Rating of B++ (Good) and a Long-Term ICR of 'bbb'. The upgrade is in recognition of Revol One’s strengthened capital position, its effective reinsurance strategies, and benefits derived from its Federal Home Loan Bank membership, all of which are instrumental in bolstering growth and liquidity for the company. Despite the positive outlook, AM Best cautions about the potential execution risks associated with Revol One’s aggressive expansion plans and its concentrated focus in the annuity market, particularly its fixed and indexed annuity products. Revol One is strategically positioned as a fixed annuity insurer, licensed in 49 states and based in Michigan.