A.M. Best Removes From Under Review and Downgrades Issuer Credit Ratings of EmblemHealth, Inc.’s Insurance Subsidiaries
The rating downgrades reflect the sizeable decrease in capital at the lead operating company from historical levels following continued volatility in operating and net results. Significant losses through third-quarter 2016 were attributed largely to
These negative rating factors are partially offset by EmblemHealth’s solid market share in its core market. Through HIP and GHI, the organization holds a sizeable market share in the
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.
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