Ratings

About the Ratings

Financial strength ratings are an important factor in establishing the competitive position of insurance companies. Insurer financial strength ratings represent the opinions of rating agencies regarding the ability of an insurance company to meet its financial obligations to policyholders and contract holders. Credit ratings represent the opinions of rating agencies regarding an issuer's ability to repay its indebtedness.

A.M. Best
A.M. Best Company, Inc. ("A.M. Best") ratings for insurance companies range from "A++" to "S". A.M. Best indicates that A- (Excellent) ratings are assigned to those companies that in A.M. Best's opinion have an excellent ability to meet their ongoing obligations to policyholders.

Standard & Poor's
Standard & Poor's ratings for insurance companies range from "AAA" to "R". Standard & Poor's indicates that "A" ratings are assigned to those companies that have demonstrated strong financial security.

Standard & Poor's has eight financial strength ratings assigned to solvent insurance companies, ranging from AAA (Extremely Strong) to CC (Extremely Weak).

A.M. Best's long-term credit ratings range from "aaa" (exceptional) to "d" (in default). A "+" or "-" may be appended to ratings from "aa" to "ccc" to indicate relative position within a category. A rating of "bbb-" or above is considered investment grade. Standard & Poor's long-term credit ratings range from "AAA" (extremely strong) to "D" (payment default). A rating of "BBB" is considered investment grade.

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