AM Best has placed under review with developing implications the Financial Strength Rating of B (Fair) and the Long-Term Issuer Credit Rating of “bb+” (Fair) of Unified Life Insurance Company (Unified Life) (headquartered in Overland Park, KS).

The Credit Ratings (ratings) reflect Unified Life’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and marginal enterprise risk management.

This rating action follows Unified Life’s acquisition this year by Obra Insurance Holdings, LLC, a subsidiary of Obra Capital, Inc. AM Best has placed these ratings under review with developing implications to allow its analytical team sufficient time to fully evaluate Unified Life’s new business plan, which is likely to be materially different going forward. The ratings will remain under review with developing implications until AM Best completes its evaluation of the new parent, as well as its revised strategic plans and projections for Unified Life.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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