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Article: S&P Affirms 'CCCpi' Financial Strength Rating on Key Life Insurance Company.
- Article from:
- PR Newswire
- Article date:
- September 19, 2000
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NEW YORK, Sept. 19 /PRNewswire/ --
Standard & Poor's today affirmed its triple-'Cpi' financial strength rating on Key Life Insurance Co. (Key Life).
The rating is based on the company's very weak capitalization and a continuing negative trend in its premium growth.
Based in Indianapolis, Ind., this company writes group life, individual life, individual annuity, and pre-need burial insurance. About 98% of the company's business lies within Indiana and Wisconsin. Its products are marketed primarily through brokers and mass marketing.
The company, which began operations in 1977, is 100% owned by Key Corp., a holding company ultimately ...