Related by context. Frequent words. (Click for all words.) 67 geographical diversification 63 geographic footprint 63 diversification 60 geographically diversified 59 geographic diversity 54 geographical footprint 51 adjusted capitalization 51 accretive acquisitions 50 optionality 50 diversifies 49 diversified 48 geographic concentration 48 vertical integration 47 synergistic acquisitions 47 ample liquidity 47 profitability 46 operational efficiencies 46 rating affirmations 45 accretive 45 liquidity 45 partially mitigated 45 geographies 45 Negative Outlook reflects 44 synergies 44 Stable Outlook reflects 44 balance sheet 44 geographically concentrated 44 outperformance 44 diversifying 44 underpenetrated 44 geographic 43 Individual Rating 43 broadly diversified 43 relative outperformance 43 immediately accretive 43 vertically integrate 43 attractive valuations 43 grow organically 43 capitalization 43 Stable Rating Outlook 43 cash generative 43 operational efficiency 42 Specialty Lines 42 portfolio 42 acquisitions 42 diversify 42 diversified portfolio 42 underwriting 42 cashflows 42 synergistic 41 growth 41 value proposition 41 cash flows 41 leverage 41 Stable Outlook 41 rerating 41 casualty reinsurance 41 operational excellence 41 IFS rating 41 internally generated 40 geographically diverse 40 catastrophe reinsurance 40 positioned 40 strategically positioned 40 emerging markets 40 sequential improvement 40 bancassurance 40 payout ratio 40 complementary strengths 40 vertically integrated 40 unconventional shale 40 BBB rating 40 operate profitably 39 BBB + rating 39 efficiencies 39 strategic partnerships 39 Outperform recommendation 39 AM Best 39 noninterest 39 netbacks 39 attractively priced 39 Novae 39 Strategically 39 Positive Outlook 39 Negative Rating Outlook 39 attractively valued 39 leveraging 38 Lifeco 38 cash flow 38 macroeconomic fundamentals 38 flexibility 38 cyclical downturns 38 share repurchases 38 core competency 38 underlying fundamentals 38 footprint 38 A.M. Best Affirms Ratings 38 expansion 38 cyclicality 38 downside protection 38 GAFRI