![]() ![]() This press release relates to Credit Ratings that have been published on AM Best’s website. dental insurance market significantly, while enabling it to access the growing government programs segment. The acquisition of DentaQuest will increase the company’s scale and market share in the U.S. dental insurance space previously with the acquisition of Assurant, Inc.’s employee benefits business in 2016. AM Best notes that Sun Life had expanded its presence in the U.S. AM Best expects Sun Life’s interest coverage to remain healthy, as the acquisition is expected to be immediately accretive to earnings. Sun Life’s financial leverage is expected to remain well within AM Best guidelines following the acquisition at approximately 28%. Sun Life expects to fund the acquisition with a combination of cash (40%) and subordinated debt (approximately 60%). 4, 2021, announcement that it has reached a definitive agreement to acquire DentaQuest, the largest provider of Medicaid dental benefits in the United States, for approximately CAD 3.1 billion (USD 2.47 billion). ![]() (Sun Life) and its subsidiaries remain unchanged following the Oct. OLDWICK, N.J.-( BUSINESS WIRE)- AM Best has commented that the Credit Ratings (ratings) of Sun Life Financial, Inc. ![]()
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