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Article: DCR ASSIGNS INITIAL CLAIMS PAYING ABILITY RATINGS OF 'AAA' STATE FARM LIFE INSURANCE COMPANY STATE FARM LIFE & ACCIDENT ASSURANCE COMPANY
- Article from:
- PR Newswire
- Article date:
- May 1, 1996
CopyrightCOPYRIGHT 1996 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHICAGO, May 1 /PRNewswire/ -- Duff & Phelps Credit Rating Co. (DCR) has assigned an initial claims paying ability ratings of 'AAA' (Triple-A) to State Farm Life Insurance Company and State Farm Life & Accident Assurance Company. DCR rates these life companies on a combined basis (State Farm Life) since they share common senior management, brand identification and distribution system. The ratings reflect State Farm Life's superior market position as a major strategic business in the State Farm Group, overwhelming capitalization, excellent asset quality and consistently strong profitability.
Both State Farm Life companies are wholly owned subsidiaries of State Farm ...