A.M. Best Co. Awards Highest Rating to Auto-Owners Insurance
Tuesday, January 21, 2014
Posted by: Michelle Rahl
January 20, 2014
Co. Awards Highest Rating to Auto-Owners Insurance
LANSING, Mich. – A.M. Best
Company has affirmed the financial strength rating of A++ (Superior) of
Lansing-based Auto-Owners Insurance Company and its four wholly owned
property/casualty subsidiaries. This is the 42ndyear in
a row that Auto-Owners Insurance has received the highest rating available from
the nationally recognized credit rating agency.
"Auto-Owners is proud to have
received A.M. Best’s highest rating for the past 42 years,” said Jeff Harrold,
chairman and CEO, Auto-Owners. "This recognition reflects the company’s safe,
sound, secure philosophy, which has been consistent throughout our history.”
According to A.M. Best, "The
ratings reflect AOIG’s superior capitalization, historic trend of solid
operating income, experienced management team, blend of personal and commercial
product offerings and long-standing agency relationships. In addition, AOIG has
strong risk management techniques and a well-established market position.”
Additionally, the Auto-Owners
Life Insurance Company, a wholly owned subsidiary, was rated A+ (Superior) by
A.M. Best, an honor it has earned every year since 1976.
Auto-Owners Insurance Group is
one of a select few insurance groups in the U.S. to receive the highest rating
possible, A++ (Superior), by A.M. Best.
Besides the A.M. Best high
ratings, Auto-Owners Insurance has also been ranked on the Fortune 500 list for
11 consecutive years.
Auto-Owners Insurance is the 15thlargest
property/casualty insurance group in the nation, based on written premium.
Auto-Owners’ wholly owned subsidiaries consist of:
employs over 4,200 people and offers insurance products exclusively through
more than 6,200 independent insurance agencies in 26 states
Life Insurance Company