JUPITER, Florida (October 25, 2012)—Weiss Ratings upgraded the financial strength ratings of 16 life and annuity insurance companies and downgraded nine based on its analysis of second quarter 2012 results. Weiss, the nation’s leading independent provider of bank, credit union and insurance company ratings, analyzed 825 life and annuity insurers.
Weiss Ratings Scale: A=Excellent, B=Good, C=Fair, D=Weak, E=Very Weak
Plus sign = top of grade range; minus sign = bottom of grade range
To ensure the safety of their investments, Weiss Ratings recommends that consumers do business with insurance companies rated B+ or higher. Currently, 116 life and annuity insurers, or 14.1 percent, are rated B+ or higher, meriting inclusion on the Weiss Recommended List.Weiss encourages consumers to visit its lists of strongest and weakest life and annuity insurers.
About Weiss Ratings
Weiss Ratings is the nation’s leading independent provider of financial strength ratings on U.S. banks, credit unions and insurance companies as well as sovereign debt ratings. Weiss accepts no payment or other compensation for its ratings from rated institutions. WeissRatings.com is a destination site to help consumers and professionals make informed financial decisions. It also distributes independent investment ratings on publicly traded companies, mutual funds, and ETFs.