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AM Best Affirms Credit Ratings of NLV Financial Corporation and Its Insurance Subsidiaries

Wink Intel

Continued strategic management initiatives have resulted in further growth of the group’s life/annuity sales in 2022, but sales for the industry could be challenged to grow at a similar pace in the near future with economic uncertainty and its impact on the insurance industry’s competitive landscape.

IT 40
article thumbnail

AM Best Affirms Credit Ratings of NLV Financial Corporation and Its Insurance Subsidiaries

Wink Intel

Despite a challenging credit market, and against the backdrop of the pandemic, overall default losses and credit migrations remained very limited in 2021, as actual results continued to be well-below stressed scenarios. Higher-than-expected mortality on NL Group’s life insurance business has continued.

IT 40