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A.M. Best Withdraws Ratings of Acacia Life Insurance Company and The Union Central Life Insurance Company Due to Legal Entity Merger

July 1, 2014



OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best has withdrawn the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of ďa+Ē of Acacia Life Insurance Company (Acacia) (Bethesda. MD) and The Union Central Life Insurance Company (Union Central) (Cincinnati, OH), due to the merger with and into their parent company, Ameritas Life Insurance Corp. (Ameritas Life) (Lincoln, NE), effective July 1, 2014. The ratings of Ameritas Life as well as the debt rating on Union Centralís outstanding surplus notes remain unchanged.

As approved by the state of Nebraska, all outstanding liabilities of Acacia and Union Central Ė including the aforementioned surplus notes Ė have been assumed by Ameritas Life. The FSR of A (Excellent) and ICR of ďa+Ē of Ameritas Life were affirmed with a positive outlook on March 28, 2014. (Click here to see press release.)

The methodology used in determining these 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.

A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2014 by A.M. Best Company, Inc.ALL RIGHTS RESERVED.





A.M. Best

Kate Steffanelli, 908-439-2200, ext. 5063

Senior Financial Analyst

kathryn.steffanelli@ambest.com

or

Christopher Sharkey, 908-439-2200, ext. 5159

Manager, Public Relations

christopher.sharkey@ambest.com

or

Andrew Edelsberg, 908-439-2200, ext. 5182

Vice President

andrew.edelsberg@ambest.com

or

Jim Peavy, 908-439-2200, ext. 5644

Assistant Vice President, Public Relations

james.peavy@ambest.com


Source: A.M. Best


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Source: Business Wire


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