AM Best places Gulf Guaranty Life Insurance Company ratings under review

In the United States, on May 23, 2025, AM Best, a renowned global credit rating agency, announced that it has placed the Financial Strength Rating (FSR) of Gulf Guaranty Life Insurance Company, located in Flowood, Mississippi, under review with developing implications. This review includes the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of 'bbb' (Good). The underlying reason for this review is the recent acquisition of Gulf Guaranty Life by Acturion, LLC in March 2025. Discussions with the new owners are currently ongoing to assess the future direction of the company’s balance sheet strength, operational performance, business profile, and enterprise risk management (ERM). These factors are crucial as they influence the company's stability and competitiveness in the insurance market. AM Best’s action indicates that the upcoming decisions by Acturion, LLC will significantly impact Gulf Guaranty Life’s ratings and overall financial health, which have been assessed as demonstrating strong balance sheet strength and adequate operating performance to date. The implications of these discussions will be monitored closely, highlighting the evolving dynamics within the insurance industry fueled by corporate acquisitions.