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CURRENT GUIDE TO BEST'S RATINGS.

For a complete explanation of Best's Ratings, please refer to the Preface of Best's Insurance Reports[R], Best's Key Rating Guide[R] or Best's Key Rating and Statistical Guide. Best's Ratings reflect our independent opinion, but are not a warranty of a company's financial strength and ability to meet its obligations to policyholders.

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 sheet strength and operating performance. The FPR represents an opinion based primarily on a quantitative evaluation of a company's financial 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 Good
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.

Rating Modifiers

u - Under Review

q - Qualified

Affiliation Codes

g - Group

p - Pooled

r - Reinsured

NOT RATED CATEGORIES (NR)

Companies not assigned a Best's 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
PSO XIII 1,250 to 1,500
FSC XIV 1,500 to 2,000
FSC XV greater than 2,000


How to obtain the latest Best's Ratings

* For the latest Best's Ratings and Best's Company Reports (which include Best's Ratings) visit the A.M. Best web site at www.ambest.com. You may also obtain Best's Company Reports by calling our Customer Service Department at 908-439-2200, ext. 5742. To expedite your request, please provide the company's identification number (AMB #).

* All rating actions are published in Best's Rating Monitor (our most timely and complete release of ratings in print). Selected rating changes and new ratings are published in BestWeek[R] and Best's Review[R] (our monthly magazine).
COPYRIGHT 2001 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

Article Details
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Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Jan 1, 2001
Words:630
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