Abstract: RBC Insurance Company and its subsidiary companies received separate financial strength ratings and issuer credit ratings from A.M. Best Co, the reputed insurance rating company. These ratings reveal, significant facts about the capital structure and market position of the RBC Insurance group of companies.
RBC Insurance Company Ratings provide a clear idea about the financial performance of the RBC Insurance Company. These ratings are assigned by a reputed insurance rating company, A.M. Best Co.
A.M. Best Co. assigned insurance ratings not only to RBC Insurance Company, but also to its' subsidiary companies.
The ratings assigned by A.M. Best Co. to RBC Insurance Company and its' insurance subsidiaries are the following:
RBC Life Insurance Company of Ontario, received A in its' Financial Strength Rating.
A.M. Best Co. assigned “a” to RBC Life Insurance Company of Ontario, in its' Issuer Credit Rating.
Liberty Life Insurance Company and Business Men's Assurance Company of America got A for Financial Strength Rating.
In Issuer Credit Rating, Business Men's Assurance Company of America and Liberty Life Insurance Company received “a”.
It should be mentioned here, that, Liberty Life Insurance Company and Business Men's Assurance Company of America are the insurance subsidiaries of RBC Insurance Company.
Facts about RBC Insurance Company and its' subsidiaries, revealed by these insurance ratings are the following:
RBC Insurance Company and its' subsidiaries possess a strong capital base.
The company along with its subsidiaries holds a strong position in the disability market.
The companies are able to generate stable earnings.
RBC Insurance Company experienced increase in capital level as Liberty Life Insurance Company significantly raised its dividend payment to RBC Insurance Company.
Business Men's Assurance Company of America was able to achieve a higher level of fixed annuity sales.
The ratings also revealed that, Liberty Life Insurance Company experienced decline in life insurance premiums.
RBC Insurance Company received a series of capital contributions from the Royal Bank of Canada. It can be mentioned here, that, RBC Insurance Company is a subsidiary of Royal Bank of Canada. So, by making these capital contributions, Royal Bank of Canada fulfilled its' commitment towards its' insurance business.