A.M. Best Revises Outlooks to Positive for Hanover Fire & Casualty Insurance Company
These Credit Ratings (ratings) reflect HFCIC’s balance sheet strength and operating performance, which
The revised outlooks reflect the positive improvement in underwriting results in four of the past five years, supplemented by a steady stream of net investment and fee income that resulted in positive five-year operating results. The ratings also reflect the company’s improved risk-adjusted capitalization as reflected in surplus growth in each of the past five years and increased scope of operations as reflected in the net written premium growth from business in
Partially offsetting these positive rating factors is the company’s limited business profile. With a majority of its business produced in
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
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