AABP Award 728x90

Principal outlook revised to stable


A.M. Best Co. has revised the outlook of Principal Financial Group Inc. and two of its life insurance operating companies to stable from negative. The financial strength rating of “A+” and issuer credit ratings of “aa-” for Principal Life Insurance Co. and Principal National Life Insurance Co. also were affirmed by A.M. Best, as was the “a-” issuer credit rating of their parent company. However, A.M. Best said Principal could realize additional losses on its $4.3 billion commercial mortgage-backed securities portfolio and its $8.8 billion direct commercial mortgage loan portfolio.

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