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.