A.M. Best affirms American Family's ‘A’ financial strength rating, raises innovation score
‘A’ (Excellent) financial strength rating affirmed for 19th year
A.M. Best affirmed American Family Insurance’s ‘A’ (Excellent) financial strength rating, the third highest of their 15 ratings, for the 19th consecutive year. It also affirmed the company’s issuer credit rating of ‘a+’ for the fourth year in a row.
Among other things, the rating reflects the company’s strong balance sheet, favorable business profile and appropriate enterprise risk management.
For the second time, the company was assessed an innovation score. This rating improved from “Significant” last year, to “Prominent,” the second highest of five ratings. The innovation rating acknowledges the company’s commitment to a culture that promotes innovative ideas and solutions to improve processes, workflows and overall business results.
The financial strength rating includes American Family, The General, Homesite, Main Street America, and CONNECT, powered by American Family Insurance.
The ‘A’ rating reflects A.M. Best’s opinion of an insurer’s ability to meet its ongoing insurance policy and contract obligations. The following ratings were affirmed by A.M. Best:
- 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.
A.M. Best also affirmed the ‘a+’ issuer credit rating of American Family Insurance group and American Family Life Insurance Company (the fifth highest of 21 ratings). A.M Best’s issuer credit rating reflects their opinion of an insurer’s ability to meet its ongoing financial obligations.
In addition, the company has financial strength ratings of ‘A1’ from Moody’s and ‘A’ from Standard & Poors (S&P). The Moody’s ranking is fifth highest out of 21 available ratings and the S&P is sixth highest out of the 21 ratings.
Use this link to access the A.M. Best news release about the American Family Insurance group rating.
About the American Family Insurance group
Based in Madison, Wisconsin, American Family Insurance has been serving customers since 1927. We inspire, protect and restore dreams through our insurance products, exceptional service from our agency owners and employees, community investment and creative partnerships to address societal challenges. We act on our belief in diversity and inclusion by constantly evolving to meet customer needs and preferences. American Family Insurance group is the nation’s 13th-largest property/casualty insurance group, ranking No. 254 on the Fortune 500 list. The group sells American Family-brand products, primarily through exclusive agency owners in 19 states. The American Family Insurance group also includes CONNECT, powered by American Family Insurance, The General, Homesite and Main Street America. Across these companies the group has more than 13,500 employees nationwide.