KBRA Releases Surveillance Report for Kuvare Holdings and Key Operating Subsidiaries

On February 9, 2024, KBRA affirmed the insurance financial strength ratings (IFSRs) of A for Guaranty Income Life Insurance Company (GILICO) and United Life Insurance Company (ULIC), both with Negative Outlooks. KBRA also affirmed the IFSRs of A- for Lincoln Benefit Life Company (LBL) and Kuvare Life Re Ltd. (KLR), both with Stable Outlooks. In addition, KBRA affirmed the issuer ratings of BBB for Kuvare UK Holdings Limited (KUK) and Kuvare US Holdings, Inc. (KUS) and the debt rating of BBB- on KUS’ $225 million Fixed Rate Reset Cumulative Preferred Stock due 2051, all with Negative Outlooks.

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