CURRENT GUIDE TO BEST'S RATINGS.
BEST'S RATINGS AND FINANCIAL PERFORMANCE RATINGS (FPR)
A.M. Best assigns to insurance related organizations one of two types of rating opinions, a Best's Rating (A++ to F) or a Financial Performance Rating (9 to 1). The Best's Rating represents an opinion based on a comprehensive quantitative and qualitative evaluation of a company's balance shee strength and operating performance for companies that do not meet the minimum size and/or operating experience requirements for a Best's Rating.
Secure Best's Ratings A++ and A+ Superior A and A- Excellent B++ and B+ Very Goad Vulnerable Best's Ratings B and B- Fair C++ and C+ Marginal C and C- Weak D Poor E Under Regulatory Supervision F In Liquidation S Rating Suspended Secure FPR Ratings FPR 9 Very Strong FPR 8 and 7 Strong FPR 6 and 5 Good Vulnerable FPR Ratings FPR 4 Fair FPR 3 Marginal FPR 2 Weak FPR 1 Poor
RATING MODIFIERS and AFFILIATION CODES
Under Review (u) Rating Modifiers are assigned to Best's Ratings and Financial Performance Ratings to identify companies whose rating opinions are Under Review and may be subject to near-term change. Qualified (q) Rating Modifiers may be assigned to Health Maintenance Organizations (HMOs), Canadian insurers and UK insurers that meet the minimum size and operating experience requirements for a Best's Rating but do not subscribe to our interactive rating process. Best's Qualified Ratings are therefore based primarily on a quantitative analysis of a company's balance sheet strength and operating performance. Affiliation Codes are based on a Group (g), Pooling (p) or Reinsurance (r) affiliation with other insurers.
u - Under Review
q - Qualified
g - Group
p - Pooled
r - Reinsured
NOT RATED CATEGORIES (NR)
Companies not assigned a Bests Rating or FPR are assigned to one of five NR categories which identifies the primary reason a rating opinion was not assigned to the company. For additional information, refer to the Preface.
NR-1 Insufficient Data NR-2 Insufficient Size and/or Operating Experience NR-3 Rating Procedure Inapplicable NR-4 Company Request NR-5 Not Formally Followed
FINANCIAL SIZE CATEGORIES (FSC) Assigned to all insurance companies and reflects their size based on their capital, surplus and conditional reserve funds in millions of U.S. dollars, using the scale below. For additional information, refer to the Preface.
FSC I: less than 1
FSC II: 1 to 2
FSC III: 2 to 5
FSC IV: 5 to 10
FSC V: 10 to 25
FSC VI: 25 to 50
FSC VII: 50 to 100
FSC VIII: 100 to 250
FSC IX: 250 to 500
FSC X: 500 to 750
FSC XI: 750 to 1,000
FSC XII: 1,000 to 1,250
FSC XIII: 1,250 to 1,500
FSC XIV: 1,500 to 2,000
FSC XV: greater than 2,000
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|Article Type:||Brief Article|
|Date:||Jul 1, 2001|
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