Abstract
The flag bearer of the health and life division of Atlantic American Corporation, Bankers' Fidelity Insurance Company was rated by A.M Best Co, which assigned a stable outlook to the parameters, which are rated. The write up below indicates the same.
Insurance ratings on Bankers' Fidelity was done by A.M Best Co. Atlantic American Corporation is the parent company of Bankers' Fidelity Life Insurance Company.
Bankers' Fidelity is involved in offering insurance coverage to the people in the field of life insurance as well as health insurance mainly to the senior citizens of the country.
The company has been operating in this segment since the year 1955. Bankers' Fidelity Insurance Company is referred to as the flagship firm in the area of Health and Life division of the company (Atlantic American Corporation).
Financial strength rating:
The ratings indicated a stable outlook. The grades for FSR or financial strength rating were B++.
Issuer credit rating or ICR:
The ICR or the issuer credit rating was assigned as “bbb”.
Positive attributes:
The insurance ratings on Bankers' Fidelity indicate that the company has maintained operating profits consistently over a period of time. The business strategy adopted by the company in making its presence felt especially among the senior citizens has been successful.
Drawbacks or limiting factors:
Just as the company has the above positive aspects, there are certain negative aspects, which cannot be ignored either.
The company banks heavily on the “Medicare supplement market”.
There has been a decrease in production expenses pertaining to the life insurance sector.