The ratings reflect AEGIS’ balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
AEGIS’ strategy emphasizes risk diversification and a relatively conservative approach to capital preservation. The diversification is achieved through the successful combination of its energy mutual operations in
Factors that could lead to positive rating actions for AEGIS are sustained favorable underwriting and the company maintaining its risk-adjusted capitalization at the strongest level. Factors that could negatively affect the ratings are increased underwriting volatility, significant investment losses or outsized catastrophic events, in conjunction with a decline in the risk-adjusted capitalization.
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Source: AM Best