A.M. Best Revises Outlooks to Stable for South Carolina Farm Bureau Group Members
These Credit Ratings (ratings) reflect
The outlook revisions to stable are due to the group’s improved risk-adjusted capitalization (as measured by Best’s Capital Adequacy Ratio) and improved operating performance seen in recent years. Further, rate and coastal exposure management helped improve the company’s performance, considering frequency of attritional loss activity has not abated in
The rating affirmations reflect comprehensive reinsurance protection, and risk management and exposure initiatives that are effectively mitigating the impact of weather-related activity and better protecting the group’s profitability and capitalization levels.
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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