AM Best has removed from under review with developing implications and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of 'a+' (Excellent) of Direct General Life Insurance Company. The outlook assigned to these Credit Ratings is stable.
This affirmation follows the acquisition of Direct General by Nationwide, which was announced on January 30, 2025. The ratings reflect Direct General's integration into Nationwide and the expected support from its new parent company.
The procedural step by AM Best indicates a smooth transition and stability for the divested entity post-transaction. This is a positive signal regarding the orderly completion of Allstate's strategic divestiture of its Group Health business.
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