Financial Ratings Reaffirmed for American Health and Life Insurance Company and Triton Insurance Company

AM Best has reaffirmed the Financial Strength Rating of B++ (Good) and Long-Term Issuer Credit Ratings of "bbb" (Good) for American Health and Life Insurance Company (AHLIC) and Triton Insurance Company, both based in Fort Worth, Texas. As subsidiaries of OneMain Holdings, Inc., these companies maintain a stable outlook, reflecting their strong positions in the insurance market.

The ratings for AHLIC are based on a robust balance sheet, strong operational performance, a neutral market profile, and adequate enterprise risk management (ERM). However, these ratings are also influenced by the financial leverage of OneMain Holdings, as assessed by AM Best. AHLIC's dependence on OneMain as a primary distribution channel and its focus on credit insurance products are key factors considered, though the inclusion of term life insurance adds some diversification. The company's risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), remains robust, consistently delivering financial performance that meets industry standards.

Similarly, Triton's ratings, paralleling those of AHLIC, are supported by a strong balance sheet, favorable operational results, and a well-managed risk profile. Like AHLIC, Triton faces ratings pressure from its parent company’s leverage. Triton also exhibits strong risk-adjusted capitalization per BCAR and has consistently recorded positive operational outcomes. The financial strategies of both companies, especially concerning dividends, are taken into account due to their potential impact on future risk-adjusted capitalization. In 2025, both insurers continued to manage target capital levels effectively while maintaining dividend payments.