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A.M. Best Co. Awards Highest Rating to Auto-Owners Insurance

Tuesday, January 20, 2015   (0 Comments)
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A.M. Best 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 44th year 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 44 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 99-year history.”


According to A.M. Best, “The ratings reflect AOIG’s superior capitalization, the re-emergence of solid operating income primarily through net investment income and then supplemented more recently by underwriting profits, an experienced management team, a 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 only 12 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 12 consecutive years.


Auto-Owners Insurance is the 15th largest property/casualty insurance group in the nation, based on written premium. Auto-Owners’ wholly owned subsidiaries consist of:


·         Owners Insurance Company

·         Property-Owners Insurance Company

·         Southern-Owners Insurance Company

·         Home-Owners Insurance Company

·         Auto-Owners Life Insurance Company


Auto-Owners Insurance employs over 4,300 people and offers insurance products exclusively through more than 6,100 independent insurance agencies in 26 states. 

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