Secure Best's Ratings
A++ and A+(Superior)
- "assigned to companies which have, on balance, superior balance sheet strength, operating performance and business profile when compared to the standards established by the A. M. Best Company. These companies, in our opinion, have a very strong ability to meet their ongoing obligation to policyholders."
A and A- (Excellent)
- "assigned to companies which have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by the A. M. Best Company. These companies, in our opinion, have a strong ability to meet their ongoing obligation to policyholders."
B++ and B+ (Very Good)
- "assigned to companies which have, on balance, very good balance sheet strength, operating performance and business profile when compared to the standards established by the A. M. Best Company. These companies, in our opinion, have a good ability to meet their ongoing obligation to policyholders."
B and B- (Fair)
- "assigned to companies which have, on balance, fair balance sheet strength, operating performance and business profile when compared to the standards established by the A.M. Best Company. These companies, in our opinion, have an ability to meet their current obligations to policyholders, but their financial strength is vulnerable to adverse changes in underwriting and economic conditions."
C++ and C+ (Marginal)
- "assigned to companies which have, on balance, marginal balance sheet strength, operating performance and business profile when compared to the standards established by the A.M. Best Company. These companies, in our opinion, have an ability to meet their current obligations to policyholders, but their financial strength is vulnerable to adverse changes in underwriting and economic conditions."
C and C- (Weak)
- "assigned to companies which have, on balance, weak balance sheet strength, operating performance and business profile when compared to the standards established by the A.M. Best Company. These companies, in our opinion, have an ability to meet their current obligations to policyholders, but their financial strength is very vulnerable to adverse changes in underwriting and economic conditions."
D (Poor)
- "assigned to companies which have, on balance, poor balance sheet strength, operating performance and business profile when compared to the standards established by the A.M. Best Company. These companies, in our opinion, may not have an ability to meet their current obligations to policyholders and their financial strength is extremely vulnerable to adverse changes in underwriting and economic conditions."
E (Under Regulatory Supervision)
- "assigned to companies and (possibly their subsidiaries/affiliates) that have been placed by an insurance regulatory authority under a significant form of supervision, control or restraint, whereby they are no longer allowed to conduct normal ongoing insurance operations. This would include conservatorship or rehabilitation, but does not include liquidation. It may also be assigned to companies issued cease and desist orders by regulators outside their home state or country."
F (In Liquidation)
- "assigned to companies which have been placed under an order of liquidation by a court of law or whose owners have voluntarily agreed to liquidate the company."
S (Rating Suspended)
- "assigned to rated companies that have experienced sudden and significant events affecting their financial position or operating performance whose rating implications cannot be evaluated due to a lack of timely or adequate information."
More information is available about A. M. Best and their ratings at http://www.ambest.com/.
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