|[September 06, 2013]
A.M. Best Comments on Ratings of the Members of American Family Insurance Group Following AMFAM, Inc.'s Announced Acquisition
OLDWICK, N.J. --(Business Wire)--
A.M. Best Co. has commented that the financial strength rating
(FSR) of A (Excellent) and issuer credit ratings (ICR) of "a" of the
members of the American Family Insurance Group are unchanged.
(See below for a detailed listing of the companies.)
AMFAM, Inc., the direct downstream holding company of the American
Family Mutual Insurance Company, has reached an agreement to acquire
the direct property insurer, Homesite Group, Inc. and its 12
A.M. Best does not anticipate that the members of the American Family
Insurance Group will see a significant change in their risk-adjusted
capitalization, operating performance or business profile in the near to
midterm as a result of the acquisition.
The FSR of A (Exellent) and ICRs of "a" are unchanged for the following
members of American Family Insurance Group:
American Family Mutual Insurance Company
American Family Insurance Company
American Standard Insurance Company of Ohio
American Standard Insurance Company of Wisconsin
The methodology used in determining these ratings is Best's Credit
Rating Methodology, which provides a comprehensive explanation of A.M.
Best's rating process and contains the different rating criteria
employed in the rating process. Best's Credit Rating Methodology can be
found at www.ambest.com/ratings/methodology.
A.M. Best Company is the world's oldest and most authoritative
insurance rating and information source. For more information, visit www.ambest.com.
Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS
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