AM Best Revises Outlooks to Negative for Oxford Life Insurance Company and Its Subsidiary
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 13 2024
0mins
Source: Businesswire
Credit Ratings Update: AM Best has revised the outlook for Oxford Life Insurance Company and its subsidiary to negative from stable, while affirming their Financial Strength Rating of A (Excellent) due to internal control deficiencies identified during a 2023 audit.
Company Performance: Despite these issues, Oxford Group's balance sheet remains very strong, supported by consistent surplus growth and adequate operating performance, with expectations of continued profitability in their annuity and Medicare supplement lines.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
