A.M. Best has affirmed the financial strength rating of A
(Excellent) and the issuer credit rating of “a” of PacifiCare Life
and Health Insurance Company (PacifiCare) (Indianapolis, IN). The
outlook for both ratings is stable. Concurrently, A.M. Best has
withdrawn the ratings in response to the company’s request to no longer
participate in A.M. Best’s interactive rating process.
The rating reflects PacifiCare’s excellent level of risk-adjusted
capitalization, strong earnings and support of its ultimate parent, UnitedHealth
Group Incorporated (UnitedHealth) [NYSE: UNH]. Partially offsetting
these strengths is a decline in premium, as the business has been
transferred from PacifiCare to other UnitedHealth affiliates.
This press release relates to rating(s) 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 visit A.M. Best’s Ratings
& Criteria Center.
A.M. Best Company is the world's oldest and most authoritative
insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2015 by A.M. Best Company, Inc. ALL RIGHTS
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