Research Update: Sammons Financial Group And Core Subsidiaries Ratings Affirmed Following Revised Capital Model Criteria; Outlook Stable - S&P Global Ratings’ Credit Research

Research Update: Sammons Financial Group And Core Subsidiaries Ratings Affirmed Following Revised Capital Model Criteria; Outlook Stable

Research Update: Sammons Financial Group And Core Subsidiaries Ratings Affirmed Following Revised Capital Model Criteria; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Sammons Financial Group And Core Subsidiaries Ratings Affirmed Following Revised Capital Model Criteria; Outlook Stable
Published Mar 25, 2024
5 pages (2018 words) — Published Mar 25, 2024
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Nov. 15, 2023, we published our revised criteria for analyzing insurers' risk-based capital (see "Insurer Risk-Based Capital Adequacy--Methodology And Assumptions"). Based on our new criteria, Sammons Financial Group's capital adequacy continues to be redundant above the very strong confidence level. We affirmed our 'BBB+' rating on Sammons Financial Group and our 'A+' ratings on its core operating subsidiaries. We also assigned our 'BBB+' senior debt rating to Sammons Financial Group's planned senior unsecured notes issuance due in 2034. The stable outlook reflects our expectation that Sammons will have consistent operating performance while maintaining capital redundancy at least above the very strong (or 99.95%) confidence level. On March 25, 2024, S&P Global Ratings affirmed its 'BBB+' long-term issuer credit rating

  
Brief Excerpt:

...Key strengths Key risks Favorable and consistent operating performance relative to that of its peers. Highly commoditized target markets. High-quality, diversified investment portfolio. Uncertain macroeconomic environment. Very strong capital adequacy....

  
Report Type:

Research Update

Issuer
Sector
Global Issuers, Structured Finance
Country
Region
Format:
PDF Adobe Acrobat
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Sammons Financial Group Inc. – 2022/07/12 – US$ 500.00

Sammons Financial Group Inc. – 2021/06/02 – US$ 500.00

Sammons Financial Group Inc. – 2020/07/24 – US$ 500.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Sammons Financial Group And Core Subsidiaries Ratings Affirmed Following Revised Capital Model Criteria; Outlook Stable" Mar 25, 2024. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Sammons-Financial-Group-And-Core-Subsidiaries-Ratings-Affirmed-Following-Revised-Capital-Model-Criteria-Outlook-Stable-3143111>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Sammons Financial Group And Core Subsidiaries Ratings Affirmed Following Revised Capital Model Criteria; Outlook Stable Mar 25, 2024. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Sammons-Financial-Group-And-Core-Subsidiaries-Ratings-Affirmed-Following-Revised-Capital-Model-Criteria-Outlook-Stable-3143111>
  
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