UnitedHealth Group Inc. : A.M. Best Withdraws Ratings of UnitedHealthcare Insurance Company of Ohio
06/08/2012| 10:15am US/Eastern
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A.M. Best Co. has withdrawn the financial strength rating of A
(Excellent) and issuer credit rating of "a" of UnitedHealthcare
Insurance Company of Ohio (Westerville, OH), following its merger
into UnitedHealthcare Insurance Company (Hartford, CT), effective
April 2, 2012.
UnitedHealthcare Insurance Company of Ohio was a former
subsidiary of UnitedHealth Group, Inc. [NYSE: UNH] (Minnetonka,
MN). UnitedHealthcare Insurance Company is a wholly owned subsidiary of
UnitedHealth Group, Inc. and has an FSR of A (Excellent) and an ICR of
"a", which are unchanged.
The methodology used in determining these ratings is Best's Credit
Rating Methodology, which provides a
comprehensive explanation of A.M. Best's rating process and contains the
different rating criteria employed in the rating process. Best's Credit
Rating Methodology can be found at www.ambest.com/ratings/methodology.
Founded in 1899, 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 © 2012 by A.M. Best Company, Inc. ALL RIGHTS
RESERVED.
A.M. Best Co.
Doniella Pliss
Senior Financial
Analyst
908-439-2200, ext. 5104
doniella.pliss@ambest.com
or
Kenneth
Frino
Group Vice President
908-439-2200, ext.
5012
kenneth.frino@ambest.com
or
Rachelle
Morrow
Senior Manager, Public Relations
908-439-2200,
ext. 5378
rachelle.morrow@ambest.com
or
Jim
Peavy
Assistant Vice President, Public Relations
908-439-2200,
ext. 5644
james.peavy@ambest.com
© Business Wire 2012
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