Ratings agency Moody's has changed its outlook on the Aa3 insurance financial strength rating of Metropolitan P&C, a US insurer, to negative from stable.
Moody's said the company's recent operating performances had fallen below expectations, mainly because of its homeowners division.
The agency added that the current insurance financial strength rating reflected the implicit support for Metropolitan P&C from its parent MetLife.
MetLife is approximately the 11th largest personal motor and homeowners insurance company in the US, with nearly $2.7bn (£1.9bn) in annual net written premiums.
