A.M. Best Co. Awards Highest Rating to Auto-Owners Insurance
LANSING, Mich., June 27, 2012 /PRNewswire/ -- 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 40th 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 40 years," said Jeff Harrold, Chairman and CEO, Auto-Owners. "The rating recognizes four decades of conservative financial management, consistent with the company's safe, sound, secure philosophy."
According to A.M. Best, "The ratings reflect AOIG's (Auto-Owners Insurance Group's) superior capitalization, historical trend of solid operating income, experienced management team, blend of commercial and personal 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 10 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 received other high honors, including:
- Ranking on the Fortune 500 list for 10 consecutive years.
- The J.D. Power and Associates award for the "Highest in Customer Satisfaction with the Auto Insurance Claims Experience," four years in a row, for 2008-2011.
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 4,000 people and offers insurance products exclusively through more than 6,100 independent insurance agencies in 26 states.
SOURCE A.M. Best Company
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article