THE WALL STREET JOURNAL OLDWICK, N.J.--(BUSINESS WIRE)--June 08, 2011--
A.M. Best Co. has affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of "aa-" of the domestic life/health insurance companies of Prudential Financial, Inc. (PFI) (Newark, NJ) [NYSE: PRU]. Concurrently, A.M. Best has affirmed the ICR of "a-" of PFI and all existing debt ratings of the group. All domestic life/health companies of PFI are collectively referred to as Prudential. The outlook for all ratings is stable.
The affirmation of the ratings reflects Prudential's strong market position in its diversified businesses, solid liquidity and capitalization led by improved operating performances in most of its business segments and prospects for continued organic growth. A.M. Best notes steady net flows and continued strong persistency within PFI's retirement business, record additions within institutional asset management, as well as strong top-line revenue growth within variable annuities and international life insurance.