The ratings reflect BEA Life’s adequate balance sheet strength, favorable operating performance and the benefits it receives from its strong affiliation with The Bank of East Asia.
Offsetting these positive rating factors is BEA Life’s relatively high concentration of savings-type life insurance policies. This may expose the company to interest rate spread pressure or constrain its growth prospects if the low interest rate environment prevails.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
Copyright © 2017 by A.M. Best Rating Services, Inc. and/or its subsidiaries. ALL RIGHTS RESERVED.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170412006172/en/
Financial Analyst
eva.zheng@ambest.com
or
Director, Analytics
christie.lee@ambest.com
or
Manager, Public Relations
christopher.sharkey@ambest.com
or
Director, Public Relations
james.peavy@ambest.com
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