Security Mutual’s Financial Condition
and Operating Performance Rating: A (Excellent)
 A.M.
Best assigns their “A” (Excellent) rating to companies,
which have, on balance, excellent financial strength, operating performance
and market profile when compared to the standards they have established.
A.M. Best feels these companies have an excellent ability to meet
their ongoing obligations to policyholders. The “A” rating
is third highest on A.M. Best’s 15-step rating
scale.
Security Mutual has been awarded a Best’s Security
Icon in recognition of its secure rating. This special emblem helps
consumers recognize industry leaders at a glance and represents A.M.
Best’s opinion of an insurer’s ability to meet their
ongoing obligations to policyholders. Click
here to view Security Mutual's Financial Strength Rating.
Security Mutual's Financial Strength Rating:
A+ (Strong)
 Standard & Poor’s assigns
the “A+” (Strong)
rating to companies they regard as having financial security characteristics
that outweigh any vulnerabilities, and that are highly likely to
have the ability to meet financial commitments. The “A+” rating
is the fifth highest on Standard & Poor’s 20-step rating
scale. Click
here to review Standard & Poor's Insurance
Research Update of Security Mutual Life - December 19, 2007.
Security Mutual continues to display the “A+/Strong” Security
Circle Icon that was awarded by Standard & Poor’s to
help consumers more readily recognize Security Mutual as a company
they deem financially secure.
The “A+/Strong” Security Circle Icon
reflects the Company’s sound financial condition based on
the strict standards set forth by Standard & Poor’s.
It also indicates that Security Mutual voluntarily underwent a
stringent review, including in-depth management interviews by Standard & Poor’s
analysts, to receive one of their top insurer strength ratings.
If you would like a copy of the rating analysis for
Security Mutual Life Insurance Company of New York, from the rating
authorities that evaluate our Company, please contact
us.
Please note: These ratings reflect the respective
organization's opinion of a company's financial strength and ability
to meet its obligations to policyowners. The organization's rating
is not a warranty of an insurer's current or future ability to
meet its obligations to policyowners nor is it a recommendation
of any specific policy form.
What the Ratings
Mean
A number of independent rating services evaluate life
insurance companies and render an opinion as to a specific company's
ability to fulfill its obligations to policyowners. Rating agencies
such as A.M. Best and Standard & Poor's annually
assess subscribing companies' financial strength and claims-paying
abilities.
The ratings assigned are based on both quantitative
as well as qualitative data. Key quantitative data includes, but
is not limited to, capital adequacy, asset quality, profitability,
liquidity and operating efficiency. Key qualitative factors include
business strategy, strength of company products, distribution systems,
competency of management and projections of future performance. After
completing their analysis, the rating agency assigns a rating to
the company reporting their opinion of the financial security characteristics
of the organization. Click here for the
placement of the company's rating in the hierarchy of rating categories.
When you are selecting a life insurance policy, these
ratings can help you to compare the relative strengths of each insurance
company under consideration. Bear in mind however, ratings do not
tell the whole story about a company, reveal which companies provide
the best returns, tell how good a company's products are, guarantee
an insurer's financial strength or security, or offer comment on
the quality and level of service provided.
Hierarchy
of Rating Categories
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=SECURITY MUTUAL'S RATINGS |
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