The ratings reflect HMF’s balance sheet strength, which
The company’s risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), improved to a very strong level after HMF issued a total of
Positive rating actions are unlikely in the near future. Negative rating actions could occur if the company’s risk-adjusted capitalization deteriorates substantially.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
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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