Research Update: BMO Life Assurance Co. Assigned 'A' Financial Strength Rating And Issuer Credit Rating; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: BMO Life Assurance Co. Assigned 'A' Financial Strength Rating And Issuer Credit Rating; Outlook Stable

Research Update: BMO Life Assurance Co. Assigned 'A' Financial Strength Rating And Issuer Credit Rating; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: BMO Life Assurance Co. Assigned 'A' Financial Strength Rating And Issuer Credit Rating; Outlook Stable
Published Jul 21, 2023
5 pages (2034 words) — Published Jul 21, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

BMO Life Assurance Co. (BMOLA) is a life and annuity provider and a wholly owned subsidiary of Bank of Montreal (BMO; A+/Stable/A-1). We assigned our 'A' financial strength and issuer credit ratings to BMOLA. The stable outlook reflects our expectation that BMOLA will maintain consistent profitability and very strong capital through the next two years. On July 21, 2023, S&P Global Ratings assigned its 'A' financial strength rating and issuer credit rating to BMO Life Assurance Co. The outlook is stable. BMOLA offers products including creditor life insurance, universal life, term life, whole life, individual and group annuities, segregated funds, and critical illness. The company was formerly AIG Life of Canada, which BMO acquired in 2009. We view BMOLA's business

  
Brief Excerpt:

...Financial strength rating A Anchor* a Business risk Strong IICRA Very low Competitive position Strong Financial risk Very strong Capital and earnings Very strong Risk exposure Moderately low Funding structure Neutral Modifiers 0 Governance Neutral Liquidity Exceptional Comparable ratings analysis 0 Support 0 Group support 0 Government support 0...

  
Report Type:

Research Update

Ticker
AIG
Issuer
BMO Life Assurance Co.
GICS
Life & Health Insurance (40301020)
Sector
Global Issuers , Public Finance , Structured Finance
Country
Canada
Region
Canada
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: BMO Life Assurance Co. Assigned 'A' Financial Strength Rating And Issuer Credit Rating; Outlook Stable" Jul 21, 2023. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-BMO-Life-Assurance-Co-Assigned-A-Financial-Strength-Rating-And-Issuer-Credit-Rating-Outlook-Stable-3023678>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: BMO Life Assurance Co. Assigned 'A' Financial Strength Rating And Issuer Credit Rating; Outlook Stable Jul 21, 2023. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-BMO-Life-Assurance-Co-Assigned-A-Financial-Strength-Rating-And-Issuer-Credit-Rating-Outlook-Stable-3023678>
  
US$ 225.00
$  £  €
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