A.M. Best Revises Outlook to Positive for Greenville Casualty Insurance Company.

OLDWICK, N.J. -- A.M. Best Co. has affirmed the financial strength rating of B (Fair) and issuer credit rating of "bb+" of Greenville Casualty Insurance Company (Greenville) (Greer, SC). The outlook for both ratings has been revised to positive from stable.

The rating affirmations reflect Greenville's premium volatility, historically elevated expense structure and product and geographic concentrations, which are characteristics of its limited business profile. However, these rating factors are partially offset by Greenville's low underwriting leverage, favorable loss experience and highly liquid balance sheet.

The positive outlook reflects A.M. Best's expectation that Greenville's improved operating results and level of capitalization will continue to trend favorably as management implements its gradual product and geographic expansion.

For Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.

Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.