A.M. Best Affirms Credit Ratings of Members of Erie Insurance Group and Erie Family Life Insurance Company
The lead company in
The ratings reflect Erie’s balance sheet strength, which
Additionally, the ratings of
The ratings of EFL reflect its balance sheet strength, which
In addition, the ratings of EFL reflect favorable premium trends due to higher ordinary life insurance sales, and strongest risk-adjusted capitalization supported by organic earnings, manageable financial leverage and relatively low use of reinsurance. EFL regards EIE’s independent agent distribution network as a competitive advantage, due to their local industry knowledge and loyalty to EIE. Offsetting rating factors include its relatively modest contribution to the enterprise; impact of spread compression on interest-sensitive liabilities; some concentration risk, as approximately two-fifths of direct written premiums are generated from
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. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180620006025/en/
Senior Financial Analyst – P/C
[email protected]
or
Financial Analyst – L/H
[email protected]
or
Manager, Public Relations
[email protected]
or
Director, Public Relations
[email protected]
Source:
A.M. Best Affirms Credit Ratings of The Progressive Corporation and Its Subsidiaries
Use Online Quotes To Get Cheap Car Insurance!
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News