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Article: S&P Affirms Minnesota Mutual Life Insurance AA+ CPA Rating
- Article from:
- PR Newswire
- Article date:
- January 7, 1998
CopyrightCOPYRIGHT 1998 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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NEW YORK, Jan. 7 /PRNewswire/ -- Standard & Poor's today affirmed its double-'A'-plus claims-paying ability and counterparty credit ratings and its double-'A'-minus surplus note rating on Minnesota Mutual Life Insurance Co. The outlook is stable.
The ratings affirmation takes into consideration the consolidated company's diversified sources of business, its excellent profitability, its very strong asset quality, and its superior capital base. Minnesota Mutual has a good market presence in individual insurance, nonmedical group life, group pensions, and especially mortgage life insurance where it has a market share of over 60% in such business that is sold ...