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1992 BEST'S RATINGS ASSIGNED TO 142 COMPANIES INCLUDING TWO LARGE INSURERS

 1992 BEST'S RATINGS ASSIGNED TO 142 COMPANIES
 INCLUDING TWO LARGE INSURERS
 OLDWICK, N.J., April 20 /PRNewswire/ -- A.M. Best Company today released the 1992 Best's Ratings for 142 insurance companies, including one large property/casualty company and one large life/health group.
 The release is the first under Best's improved rating structure, which has been simplified for greater understanding among consumers. The new rating structure contains nine letter rating categories ranging from "A++" and "A+" (Superior) to "F" (In Liquidation) and nine other categories indicating why a letter rating was not assigned.
 Based on the evaluation of year-end 1991 financial results and subsequent relevant events, 1992 Best's Ratings will be released on a weekly basis through June. Best's Ratings are continuously monitored throughout the year with formal rating reviews performed on six-month and nine-month financial results.
 Brief rating rationales are presented below for the two large insurance entities:
 Amica Mutual Insurance Company, Providence, R.I., was assigned a 1992 Best's Rating of "A++" (Superior). The property/casualty company's superior financial strength was affirmed, and its rating level was raised from "A+" to "A++." The company enjoyed a 25 percent advance in policyholders' surplus funds to $513 million due to capital gains and improvement in net operating income. Excellent profitability continued for this personal lines underwriter, which has a five-year average operating ratio of 92.1, and allowed for substantial dividends of $96 million to be paid to the company's policyholders in 1991. In addition, the company operates with prudent leverage and favorable liquidity measures which are indicative of the company's conservative operating approach. Amica is one of the 100 largest property/casualty companies in the United States, writing personal lines insurance in 49 states.
 State Farm Life Insurance Company and an affiliated insurer, State Farm Life and Accident Assurance Company, both of Bloomington, Ill., were each assigned a 1992 Best's Rating of "A++" (Superior). Both companies' superior financial strength was affirmed, and their rating level was raised from "A+" to "A++." The rating assignments reflect the companies' conservative operating strategy, superior profitability, strong capitalization, high quality investment portfolio and substantial liquidity.
 At year-end 1991, State Farm Life's assets totaled $13.7 billion of which approximately 71 percent represented investment-grade bonds, cash and short-term holdings. Over the past five years, State Farm Life has generated $616 million in operating profits after the payment of $2.4 billion in policyholder dividends. This profitability has enabled the company to increase capital and surplus funds 61 percent since year-end 1986. State Farm Life ranks among the top 30 life insurance companies in the United States when measured by assets. The company is a leading writer of individual life insurance and operates in 46 states, the District of Columbia and Canada.
 At the close of 1991, the State Farm Life and Accident's assets totaled $439.2 million, of which approximately 89 percent represented investment-grade bonds, cash and short-term holdings. Over the past five years, capital and surplus funds have advanced 67 percent due to aggregate operating gains of $34.7 million. State Farm Life and Accident Assurance Company principally markets individual life and annuity products in New York and Wisconsin, where State Farm Life Insurance Company is not licensed.
 A.M. Best rates and reports on virtually all property/casualty and lift/health insurers operating in the United States. Best's Ratings reflect A.M. Best's current opinion of insurers' financial strength and ability to meet policyholder obligations.
 The 1992 Best's Ratings are made available to subscribers and the public as soon as they are assigned, flowing through A.M. Best's publications and its telephone ratings service, BestLine, 900-420-0400. BestLine costs $2.50 per minute and access requires a touchstone telephone and the company's A.M. Best identification number.
 -0- 4/20/92
 /NOTE TO EDITORS: Information on A.M. Best's new rating structure is available upon request./
 /CONTACT: Christina Stein of A.M. Best, 908-439-2200, ext. 5642/ CO: A.M. Best Company; Amica Mutual Insurance Company; State Farm Life
 Insurance Company; State Farm Life and Accident Assurance Company ST: New Jersey, Rhode Island, Illinois IN: INS SU: ECO


GK-KD -- NY016 -- 9917 04/20/92 09:48 EDT
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Date:Apr 20, 1992
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