AM Best Revises Outlooks to Stable for Old Glory Insurance Company
The ratings reflect Old Glory’s balance sheet strength, which AM Best categorizes as strong, as well as its marginal operating performance, limited business profile and appropriate enterprise risk management.
The revised outlooks reflect Old Glory’s improving risk-adjusted capitalization, albeit mostly driven by capital contributions from its parent company,
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 Understanding 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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Jacqalene Lentz, CPA
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Director, Public Relations
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Source: AM Best
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