A.M. Best Affirms Ratings of American Family Insurance Group; Assigns Issuer Credit Ratings.OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating (FSR (Free System Resource) In Windows 3.x, the amount of unused memory in various 64K blocks reserved for managing current applications. Every open window takes some space in this area. See Windows memory limitation. ) of A (Excellent) and assigned an issuer credit rating (ICR (Intelligent Character Recognition or Image Character Recognition) The machine recognition of hand-printed characters as well as machine printing that is difficult to recognize. ) of "a+" to American Family Insurance American Family Insurance Group (aka "AmFam") is a private mutual company which focuses on property, casualty and auto insurance, but also offers commercial insurance, life, health, and homeowners coverage, as well as investment and retirement-planning products. Group (American Family American Family is a photographic artwork exhibition by Renée Cox. See also
Please [ improve this article] or discuss the issue on the talk page. , Inc.'s commercial paper program. All companies are domiciled dom·i·cile n. 1. A residence; a home. 2. One's legal residence. v. dom·i·ciled, dom·i·cil·ing, dom·i·ciles v.tr. 1. in Madison, WI. All ratings have a stable outlook. The ratings of American Family are based on its excellent risk-adjusted capitalization, improved underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. performance and well-established regional market presence as a leading personal lines insurer in the Midwest. These positive rating factors are derived from American Family's increased rates, focused operating philosophy and competitive expense structure achieved through its exclusive agency distribution system. Offsetting these strengths is the group's susceptibility to weather-related losses and competitive market conditions. AFLIC's ratings recognize its integral role as the life insurance member of American Family and its focus on providing life insurance and financial products to the group's customer base. AFLIC's ratings also reflect its diverse product portfolio, strong marketing and distribution presence in the Midwest, overall positive net operating performance and favorable risk-adjusted capitalization on a stand-alone basis. Offsetting these strengths is the company's exposure to disintermediation The elimination of the distributor and/or retailer (the middleman) when making a purchase. The term is used to refer to purchasing directly from a manufacturer's Web site, the benefits of which are convenience, fast turnaround time and sometimes lower prices. risk, the challenges to sustain life insurance sales growth through its property/casualty-oriented agency sales force, increase the penetration of its parent company's customer base and improve the operating performance of its annuity businesses. The FSR of A (Excellent) has been affirmed and an ICR of "a+" has been assigned to American Family Insurance Group and its following property/casualty subsidiaries: --American Family Mutual Insurance Company --American Family Insurance Company --American Standard Insurance Company of Ohio --American Standard Insurance Company of Wisconsin The FSR of A (Excellent) has been affirmed and an ICR of "a" has been assigned to American Family Life Insurance Company. The following debt rating has been affirmed: American Family Financial Services, Inc.-- --AMB-1 on commercial paper program For Best's Debt Ratings, all other Best's Ratings Best's rating A rating A.M. Best Co. assigns to insurance companies based on the company's ability to meet its obligations to its policyholders. , an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. For current Best's Ratings, independent data and analysis on more than 3,000 individual property/casualty companies and A.M. Best groups, please visit www.ambest.com/pc. A.M. Best Co., established in 1899, is the world's oldest and most authoritative insurance rating and information source. For more information, visit A.M. Best's Web site at www.ambest.com. |
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