A major credit rating agency has declared the outlook for U.S. life insurers in 2012 to be largely stable.
In a new report, “2012 Outlook: U.S. Life Insurance,” FitchRatings, Chicago, forecasts a 94% stable rating for U.S. insurers. The forecast also pegs the outlook at 2% positive and 4% negative.
The outlook, FitchRatings states, reflects the “industry’s strong balance sheet, which helps to somewhat mitigate ongoing concerns over challenging macroeconomic conditions that continue to pressure industry operating fundamentals.”
The report adds, however, that the forecast is “vulnerable to the evolving macroeconomic conditions in a severe, albeit unexpected scenario.”