New York, NY – December 18, 2020 – Kroll Bond Rating Agency (KBRA) assigned an insurance financial strength rating (IFSR) with a Stable Outlook to Coefficient Insurance Company (Coefficient or CIC). Coefficient is a recently established accident and health insurer that will focus on the employer stop-loss (ESL) market. ESL is a segment of commercial insurance that protects self-funded employers from unexpected and large employee health benefit claims by reimbursing employers for claims above a defined amount. CIC is a subsidiary of Verily Life Sciences LLC (Verily), which is majority owned by Alphabet Inc. [NASDAQ: GOOGL]. Swiss Re Corporate Solutions, the commercial insurance unit of the Swiss Re Group also has an ownership stake in CIC.

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About KBRA

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.