Oceanview | Now Rated “A” (Excellent) by AM Best
We are pleased to announce that AM Best has upgraded the Financial Strength Rating and Long Term Issuer Credit Rating of Oceanview Life and Annuity Company to “A” (Excellent) from A- (Excellent).
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The rating changes consider Oceanview’s continued growth in capital needed to support a growing book of business driven by recently established profitability and continued capital support from the parent company. AM Best expects positive earnings growth to contribute to Oceanview’s capital growth along with a continued but declining need in the level of capital support required by the parent.
