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Torchmark Outlook Lowered to Negative by Fitch on Leverage

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Sept. 20 (Bloomberg) -- Torchmark Corp., the seller of life insurance and annuities, had its outlook lowered by Fitch Ratings on increased leverage.

The outlook was cut to negative from stable on the “increased financial leverage of recent periods and Fitch’s view that leverage will remain higher than historical levels,” the ratings firm said today in a statement on the McKinney, Texas-based insurer.

To contact the reporter on this story: Susanna Pak in New York at Spak10@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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