A.M. Best upgrades financial strength rating for Delta Dental
March 30, 2012
A.M. Best upgraded the financial strength rating outlook for Delta Dental of California and Delta Dental Insurance Company to “A-”; (Excellent). In addition, Delta Dental of Pennsylvania and its affiliate company, Delta Dental of New York, were upgraded to “B++” (Good). In doing so, A.M. Best noted the outlook for all companies is “stable.”
A.M. Best cited Delta Dental of California’s and Delta Dental Insurance Company’s “continued earnings improvement in 2011, which included expenditures for the Enterprise Streamlining Project, strengthening in risk-adjusted capital and organizational leadership in the dental insurance industry and dominant market share in California.”
The upgrades for Delta Dental of Pennsylvania and Delta Dental of New York “recognize favorable operating results, including consistent underwriting performance and improved investment income returns,” according to A.M. Best. “These positive outcomes have enhanced the group’s capitalization and increased its working capital ratios.”
Delta Dental of California and Delta Dental Insurance Company were rated “B++” (Good) in 2011, and Delta Dental of Pennsylvania and Delta Dental of New York were rated “B+” (Good).