Fitch Affirms Union Central's IFS Rating

Fitch Ratings has affirmed The Union Central Life Insurance Company's (Union Central) Insurer Financial Strength (IFS) rating at 'A+' and surplus note rating at 'A-'. Fitch has also assigned an IFS rating of 'A+' to Union Central affiliates; Ameritas Life Insurance Corp (Ameritas), First Ameritas Life Insurance Corp. of New York (First Ameritas), and Acacia Life Insurance Company (Acacia). The Rating Outlook is Stable. A full rating list is shown below. The newly assigned ratings were made based on the criteria established in Fitch's Approach to Rating Insurance Groups (March 24, 2010). It is Fitch's opinion that each of the named companies is a core subsidiary of the insurance operations of UNIFI Mutual Holding Company (UNIFI); they are of a material size or support group objectives, provide operational support, and share management and resources with each other. The rating rationale for the ratings and Stable Outlook is based on the strength of capital within the insurance operations of UNIFI

. Total adjusted capital (

) was $1.3 billion and estimated consolidated risk based capital (

) was 529% at June 30, 2010. Fitch believes the current capital position is very strong for the rating category despite some deterioration caused by investment losses in 2008 and 2009. Prior to these losses estimated year-end 2007 TAC was $1.7 billion and RBC was 626%.