AM Best Affirms Credit Ratings of The Travelers Companies, Inc. and Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” (Superior) of the main subsidiaries of The Travelers Companies, Inc. (TRV) (headquartered in
AM Best also has affirmed the Long-Term ICRs and the Long-Term Issue Credit Ratings (Long-Term IR) of “a+” (Excellent) of TRV and its two wholly owned downstream holding companies,
Lastly, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” (Excellent) of The
The ratings of Travelers reflect the group’s balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, favorable business profile and appropriate enterprise risk management (ERM).
Travelers’ strongest balance sheet strength assessment is anchored by its strongest risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). Additionally, the balance sheet strength reflects the group’s historically strong loss reserve position, the benefits derived from its conservative and well-managed investment portfolio, the use of a comprehensive reinsurance program, utilizing high quality reinsurance partners, and the additional financial flexibility available through its ultimate parent, TRV.
Travelers’ very strong operating performance reflects consistently profitable results driven by strong underwriting and investment results. Travelers has reported positive underwriting income in each of the most recent 10 years.
Travelers continues to maintain leading positions in its core markets and is the second-largest
The ratings of TCSA reflect its balance sheet strength, which AM Best assesses as strongest, as well as its very strong operating performance, favorable business profile and appropriate ERM.
The ratings of TICC reflect its balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, neutral business profile and appropriate ERM. The ratings also reflect the implicit support it receives from its ultimate parent, TRV.
The ratings of First Floridian reflect its balance sheet strength, which AM Best assesses as very strong, as well as its marginal operating performance, limited business profile and appropriate ERM. The ratings also reflect the implicit support it receives from its ultimate parent, TRV.
The ratings of Dominion reflect its balance sheet strength, which AM Best assesses as strongest, as well as its marginal operating performance, neutral business profile and appropriate ERM. The ratings also reflect the implicit support it receives from its ultimate parent, TRV. While there has been some volatility in the latter half of 2023 tied to vehicle thefts experienced in
A complete listing of The Travelers Companies, Inc.’s FSRs, Long-Term ICRs and Long- and Short-Term IRs also is available.
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 use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in
Copyright © 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240802628872/en/
Associate Director
+1 908 882 2337
[email protected]
Associate Director, Public Relations
+1 908 882 2310
[email protected]
Senior Director
+1 908 882 1993
[email protected]
Senior Public Relations Specialist
+1 908 882 2318
[email protected]
Source: AM Best
Symetra Launches New Social Media Campaign Featuring Sue Bird
Health care trends are unsustainable, but there are solutions
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News