The ratings reflect UniMedís strong risk-adjusted capitalization, supported by its track record of profitable operating results, as well as its diversified distribution channels. The ratings also recognize the companyís balanced investment portfolio, which remains appropriate and highly liquid relative to the overall size of its liabilities.
Partially offsetting these positive rating factors are the competitive environment in the
UniMed is well placed at its current rating level. However, a material deterioration in its loss ratio or capitalization on a risk-adjusted basis could lead to negative rating actions.
The methodology used in determining these interactive ratings is Bestís Credit Rating Methodology, which provides a comprehensive explanation of A.M. Bestís rating process and contains the different rating criteria employed in the rating process. Bestís Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.
Ratings are communicated to rated entities prior to publication, and unless stated otherwise, the ratings were not amended subsequent to that communication.
This rating announcement has been issued by
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