AM Best Affirms Credit Ratings of Atlantic American Corporation and Its Subsidiaries
The ratings reflect American Southern Group’s balance sheet strength, which AM Best categorizes as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM). The ratings also reflect the group’s long history of operating profitability, management’s disciplined underwriting approach and its local market knowledge. American Southern Group’s balance sheet strength assessment reflects risk-adjusted capitalization that is at the strongest level, as measured by Best’s Capital Adequacy Ratio (BCAR), partially offset by the group’s payment of substantial stockholder dividends, which historically have been used to service debt held at
The ratings also consider the financial leverage and interest coverage at
The ratings of BFLIG reflect its balance sheet strength, which AM Best categorizes as very strong, as well as its marginal operating performance, neutral business profile and appropriate ERM.
The group has benefited from explicit capital support from
Additionally, BFLIG is now strategically expanding its supplemental worksite business to additional states and marketing new, redesigned individual supplemental accident and health products to diversify its business mix.
This press release relates to Credit Ratings that have been published on AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
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Source: AM Best
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