AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of 'a-' (Excellent) of the operating entities of
The ratings reflect
The ratings reflect AM Best's expectation that
Operating results reflect strong business growth with high double-digit return on equity. Operating results benefit from the diversification in the
Financial leverage at the holding company is expected to remain within AM Best tolerances with additional financial flexibility to raise capital to support future business growth, while maintaining strong interest coverage ratios.
This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in
(C) 2023 Electronic News Publishing, source