A.M. Best affirms American Family's 'A' financial strength rating and stable outlook
A.M. Best has affirmed American Family Insurance’s ‘A’ (Excellent) financial strength rating and its outlook as “stable.”
A.M. Best affirmed American Family Insurance’s ‘A’ (Excellent) financial strength rating, the third highest of their 13 ratings, for the 21st consecutive year. It also affirmed the company’s outlook as “stable” and gave an issuer credit rating of ‘a+’ for the sixth year in row.
The ratings reflect the company’s operating performance, balance sheet strength, favorable business profile and appropriate enterprise risk management and also acknowledge the company’s actions underway to address pressures faced by the insurance industry as a whole.
The financial strength rating includes American Family, The General, Homesite, Main Street America Insurance, 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 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.
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 12th-largest property/casualty insurance group, ranking No. 301 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 Insurance. Across these companies the group has nearly 13,000 employees nationwide.