Fitch: Delphi view to stable

Fitch Ratings said it affirmed the issuer default rating of Delphi Financial Group, Inc. at BBB and senior debt at BBB-, along with the A- insurer financial strength ratings on its subsidiaries, including Reliance Standard Life Insurance Co., First Reliance Standard Life Insurance Co., and Safety National Casualty Corp.

The outlook is revised to stable from negative.

The affirmation and outlook revision reflects continued solid profitability across business lines, improved investment results and a conservative capitalization profile, Fitch said.

Reliance Standard and Safety National continued to report solid earnings during the first nine months of 2010, with the year-over-year improvement coming from a reduction in realized investment losses that peaked in 2009, the agency said.

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