AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of 'a+' (Excellent) of
The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect TD Re's balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, neutral business profile and appropriate enterprise risk management.
TD Re is owned ultimately by The
The stable outlooks reflect TD Re's very strong overall balance sheet strength assessment that has been maintained over the long term supported by consistently strong operating performance. The company's favorable operating return on equity on a longstanding basis provides significant support to the balance sheet and reflects TD Re's appropriate underwriting practices in its Canadian property/casualty, creditor life, and European longevity reinsurance products.
This press release relates to Credit Ratings that have been published on AM 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 AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
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