Employers should consider the financial strength and viability of carriers when choosing health plans for their employees. Profitability and solvency are good indicators of whether a carrier is likely to remain financially viable even in times of market instability. Because each financial services company has its own system to produce carrier ratings, taking into account both quantitative and qualitative factors, they may not be in complete agreement with one another. Therefore, it is useful to compare financial ratings to one another and review key financial information derived from carrier financial statements
Independent Financial Rating Organizations
Search A.M. Best, Standard & Poor's, Moody's Investor Services and Fitch Ratings life/health insurance company databases to obtain carrier financial ratings.
National Association of Insurance Commissioners' (NAIC) Key Financial Information
Key Financial Data from a carrier's most recent financial statements include: assets, liabilities, capital and surplus, premiums earned, a loss ratio, underwriting gains, and net income.
To obtain Annual Statement Information from Landing Page:
- Type in name of the company
- Choose the type of company (All, Life & Health, or Property & Casualty)
- Click "Find Company"
- Click "Financial Information" for the desired company
- Direct Premiums Written, Assets, and Liabilities provided
- Choose "Get Financial Profile" or "Get PDF Statement Data"