Standard And Poor’s Affirms Ratings Of Mutual Of Omaha And Affiliates

S&P Affirmed it’s A+ Rating for Mutual of Omaha and it’s affiliates

A press release on July 11 by Standard and Poor ratings they announced that they are reaffirming it’s A+ rating for Mutual of Omaha and it’s affiliates.  This is the fifth highest of the companies 21 ratings.  The short-term counterparty credit rating for United of Omaha Life Insurance Company was also increased from A-1 to A-1+.  The outlook on the rating is stable.  Their strong liquidity is the primary reason for the upgrade to the short-term rating.

Standard & Poor’s Ratings Services has affirmed its A+ (strong) financial strength rating for Mutual of Omaha Insurance Company and its affiliates. The A+ rating is the fifth highest of the firm’s 21 ratings and is indicative of “a strong capacity to meet financial obligations.” The short-term counterparty credit rating for United of Omaha Life Insurance Company was also increased from A-1 to A-1+. The outlook on all ratings is stable.

Our strong liquidity is the primary reason for the upgrade to the short-term rating. In its July 11 release, Standard and Poor’s stated that “Mutual of Omaha maintains exceptional liquidity at its insurance operating subsidiaries, reflecting the relatively high quality of its investment portfolio and its products’ general lack of callable liabilities. The company generates an extremely strong liquidity ratio based on our model.”

For your convenience, here is a link to Standard and Poor’s July 11 release
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