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 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.
u - Under Review
q - Qualified
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).
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|Article Type:||Brief Article|
|Date:||Jan 1, 2001|
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