A.M. Best Removes from Under Review and Upgrades Credit Ratings of Members of Vantis Life Group; Affirms Credit Ratings of The Penn Mutual Life Insurance Company and Its Subsidiary

OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has removed from under review with positive implications and upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a” from “a-” of Vantis Life Insurance Company (Vantis Life) (Windsor, CT) and its wholly-owned subsidiary, Vantis Life Insurance Company of New York (Brewster, NY) (collectively referred to as Vantis). The outlook assigned to the FSR is stable, while the