A.M. Best Revises Issuer Credit Rating Outlook to Positive for Members of Columbia Lloyds Companies
The revised outlook for the Long-Term ICR reflects Columbia Lloyds’ improved profitability and operating results, which outperform the composite average. Surplus has grown in four of the past five years, driven by better-than-average underwriting performance that allowed the company to report operating returns notably higher than the composite average. The initiatives driving the profitability trends include rate increases, reduced concentration around
Maintaining favorable operating results while improving overall risk-adjusted capitalization and underwriting leverage could result in a positive change in ratings. Negative rating pressure could occur with a return to unfavorable operating results, increased leverage or a decline in overall risk-adjusted capitalization.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings.
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