Madison,
29
June
2017
|
12:00 PM
America/Chicago

A.M. Best affirms American Family's ‘A’ (Excellent) rating

Summary

A.M. Best affirms our 'A' (Excellent) rating for the fourteenth year in a row.

A.M. Best recently affirmed the excellent financial strength ratings and stable outlooks of American Family Insurance group (including Homesite), American Family Life Insurance Company and Permanent General Insurance Group.

It's the third highest of their 15 ratings and is the fourteenth consecutive year American Family Insurance group received this rating.

  • American Family Insurance Group: A (Excellent) financial strength rating with a stable outlook.

  • American Family Life Insurance Company: A (Excellent) financial strength rating with a stable outlook.

  • Permanent General Insurance Group: A- (Excellent) financial strength rating with a positive outlook.

As an enterprise, American Family has taken several steps to improve our long-term financial health including:

  • Geographic expansion and diversification and development of direct channel capabilities through Homesite and The General.

  • Strengthening of exclusive agency distribution channel through significant investments in technology.

  • Purchasing catastrophe aggregate reinsurance.

  • Improved organizational flexibility to pursue initiatives through MHC structure with no diminishment of organizational strength.

  • Upgrading the policy administration and claims systems.

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About American Family Insurance

Madison, Wisconsin-based American Family Insurance group, celebrating its 90th anniversary in 2017, is the nation's 13th-largest property/casualty insurance group and ranks No. 315 on the Fortune 500 list. The company sells American Family-brand products, including auto, homeowners, life, business and farm/ranch insurance, through its exclusive agents in 19 states. American Family affiliates (The General and Homesite) also provide options for consumers who want to manage their insurance matters directly over the Internet or by phone. Web www.amfam.com; Facebook www.facebook.com/amfam; Twitter www.twitter.com/amfam.

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