The Credit Ratings (ratings) reflect Oregon Mutual Group’s balance sheet strength, which AM Best categorizes as very strong, as well as its marginal operating performance, neutral business profile and appropriate enterprise risk management.
The revised outlooks to stable reflect AM Best’s expectation for the members of
Oregon Mutual Group’s operating performance remains marginal, driven by volatility in underwriting results due to weather events and above-average expenses related to ongoing system conversion costs. While AM Best views the group’s business profile as neutral given its long-standing market presence in the
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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