AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of Town & Country Life Insurance Company (Town & Country) (Salt Lake City, UT). The outlook of these Credit Ratings (ratings) is stable. Concurrently, AM Best has withdrawn the ratings as the company has requested to no longer participate in AM Best’s interactive rating process.

AM Best’s procedure is for a final rating opinion to be produced in conjunction with a rating withdrawal. The ratings reflect Town & Country’s balance sheet strength, which AM Best assessed as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management

The affirmation of the ratings also reflects risk-adjusted capital at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), with liquidity metrics that compare favorably with industry averages. Invested assets are conservatively invested, though there are some concentrated positions. Financial leverage also exists within the capital structure, but it remains at appropriate levels. Though Town & Country’s operations have been somewhat volatile in recent years, the company has generated positive net income in each of the last five years. Underwriting performance has been pressured in recent years due to elevated loss trends associated with its dental products; however, the company’s group medical business will drive earnings going forward due to a reinsurance deal completed with the University of Utah Health Plan in 2024. Net premium written is expected to increase significantly because of the deal, with premiums up 105% year over year through the second quarter of 2025.

This press release relates to Credit Ratings that have been published on AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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