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AM Best Comments on Credit Ratings of Definity Financial Corporation and Its Subsidiary Following Announced Acquisition of The Travelers Companies, Inc.'s Canadian Operations

1. Definity Insurance's ratings remain stable after acquiring TRV's Canadian operations. 2. The CAD 3.3 billion acquisition may enhance Definity's market position.

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FAQ

Why Neutral?

The acquisition's immediate impact on TRV is muted; historical mergers often take time to reflect benefits.

How important is it?

While the acquisition involves TRV, the direct impact on its stock is limited; market dynamics will dictate longer-term effects.

Why Short Term?

In the short term, TRV's operations remain unaffected; long-term impact depends on industry dynamics.

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DIFNFAIGALL
OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has commented that the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” (Excellent) of Definity Insurance Company (Definity Insurance), as well as the Long-Term ICR of “bbb” (Good) of Definity Financial Corporation (Definity Financial) remain unchanged following the recent announcement of a CAD 3.3 billion transaction to acquire The Travelers Companies, Inc.'s (Travelers) [NYSE: TRV] Canadian operati.

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