Humana 2009 Annual Report Download - page 116
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Humana Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
We evaluate the financial condition of these reinsurers on a regular basis. These reinsurers are well-known
and well-established, as evidenced by the strong financial ratings at December 31, 2009 presented below:
Reinsurer
Total
Recoverable
A.M. Best Rating at
December 31, 2009
(in thousands)
Protective Life Insurance Company ..... $204,853 A+ (superior)
All others .......................... 173,423 A++ to A-(superior to excellent)
$378,276
The all other category represents approximately 20 reinsurers with individual balances less than $45 million.
Two of these reinsurers have placed $27.1 million of cash and securities in trusts, an amount at least equal to the
recoverable from the reinsurer.
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