A M Best Co. has assigned a Financial Strength Rating of A- (outlook Stable) and an Issuer Credit Rating of a- (outlook Stable) to Police Health Plan Limited.
The outlook for both ratings is stable. The ratings reflect the captive membership base, low expense ratio and good asset quality.
A M Best Co.'s Financial Strength Rating Scale:
A++, A+ (Superior)
A, A- (Excellent)
B++, B+ (Good)
B, B- (Fair)
C++, C+ (Marginal)
C, C- (Weak)
E (Under Regulatory Supervision)
F (In Liquidation)
NR (Not Rated)
Solvency and Capital Adequacy (Calculated as of 31 December 2018)
Actual Solvency Capital
Minimum Solvency Capital