To help determine an insurer's financial stability, several rating companies are available so consumers may check and compare safety ratings. Among the most widely used rating service companies are:
- A. M. Best: This rating service assigns values A++ through S to life insurance companies. A. M. Best's rating represents an opinion based on a comprehensive, quantitative and qualitative evaluation of a company's financial strength, operating performance and market profile.
- Moody's: Examines insurance companies' financial ability to meet its obligations to its policyholders. Focuses on management philosophy, investment portfolio quality, and asset/liability structure. Ratings from AAA to C.
- Standard & Poor's: This rating service rates the claims-paying ability of over 300 insurance organizations worldwide, assigning values AAA through R, and monitors public data on another 2,000 U.S. companies.
- Weiss Ratings, Inc.: Rates insurers according to general accounting principles. Scale used is from A to F; does not accept compensation from the companies it rates.
- Fitch Ratings: Rates from an investor/ policyholder standpoint; addresses claims-paying abilities, financial fundamentals, capitalization, debt ratings, leverage, and asset quality (formerly, Duff & Phelps Credit Rating Company).
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