Fitch affirms Protective Life

Fitch Ratings said it affirmed the issuer default rating of Protective Life Corp. at A and its senior debt ratings at A-.

In addition, Fitch said it has affirmed Protective Life's trust preferred ratings at BBB+ and the insurer financial strength at AA- and other ratings of Protective Life's life insurance subsidiaries.

The outlook is stable.

According to the agency, the ratings of Protective Life and its life insurance subsidiaries reflect the group's moderate financial leverage, good interest coverage and historically stable core operating earnings, as well as Protective Life's-scale in the term life market, strong operating efficiencies and relatively low exposure to disintermediation risk and equity market volatility.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.