Kansas City Life Insurance Company announced that after a review of the financial strength of the company, A.M. Best has affirmed the financial strength and issuer credit ratings of Kansas City Life Insurance Company as an “A.”
The ratings affirmation also applies to Sunset Life Insurance Company of America, a wholly owned subsidiary of the Kansas City Life Insurance Company. A.M. Best set the ratings outlook at stable for both the parent company and the subsidiary.
A.M. Best cited several factors in its decision to affirm the ratings. The ratings agency said that Kansas City Life Insurance Company is well capitalized, has a solid balance sheet and has been profitable on a consistent basis, both on an operating and statutory basis.
A.M. Best also cited the company’s diversified product line, which protects the company from a decline in business in any one area.
A.M. Best also reviewed the financial strength and issuer credit ratings of Old American Insurance Company, another wholly owned subsidiary of the company. A.M. Best revised the outlook to positive from stable, and kept the financial strength rating at B++, and issuer credit rating at bbb+.
For more information on the company, go to www.kclife.com