AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “aa” (Superior) from “aa-” (Superior) and affirmed the Financial Strength Rating (FSR) of A+ (Superior) of Aflac Life Insurance Japan, Ltd. (Aflac Japan), American Family Life Assurance Company of Columbus (Omaha, NE), American Family Life Assurance Company of New York (Albany, NY) and Continental American Insurance Company (Omaha, NE). The outlook of the Long-Term ICR has been revised to stable from positive while the outlook of the FSR is stable. These companies represent the life/health insurance subsidiaries of Aflac Incorporated (Aflac) (Columbus, GA) [NYSE: AFL] and are collectively referred to as Aflac Incorporated Group. Concurrently, AM Best has upgraded the Long-Term ICR to “a” (Excellent) from “a-” (Excellent) and all Long-Term Issue Credit Ratings (Long-Term IRs) of Aflac. The outlook of the Long-Term ICR and Long-Term IRs has been revised to stable from positive. (See below for a detailed listing of the Long-Term IRs and shelf registration).
AM Best Upgrades Issuer Credit Ratings of Aflac Incorporated and Its Subsidiaries
Jun 28, 2022
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