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A.M. Best has recognized AF Group’s ongoing financial strength and stability in the insurance market by reaffirming its financial strength rating as “A-” (Excellent) while improving its outlook to “positive.” The news reflects the exceptional and consistent high performance of AF Group and its brands in the industry.
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In recognizing AF Group’s enhanced financial position, A.M. Best cited “improving operating performance driven by profitable underwriting results and demonstrated expertise within the workers’ compensation marketplace. Furthermore, the ratings acknowledge the group’s utilization of sophisticated predictive analytic modeling tools and medical cost containment practices and initiatives.”
The financial strength rating from A.M. Best is recognized as a benchmark for assessing a rated organization's current financial position, while the outlook is an indication of the potential future financial direction of the organization.
“We are very proud of our financial position, which is the result of our exceptional teammates working toward consistent, industry-leading performance,” said Lisa Corless, president of AF Group. “It also reflects our remarkable partnerships with agents, who share our vision of providing unparalleled service to the customers we collectively serve.”
About A.M. Best
A.M. Best provides news, credit ratings and financial data products and services for the insurance industry and reports on the financial stability of insurers and the insurance industry. A.M. Best is the oldest and most widely recognized provider of ratings, financial data and news with an exclusive insurance industry focus.
About AF Group
AF Group (Lansing, Mich.) and its subsidiaries are a premier provider of innovative insurance solutions. Insurance policies may be issued by any of the following companies within AF Group: Accident Fund Insurance Company of America, Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company, Third Coast Insurance Company or CompWest Insurance Company.
Attachments:
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/b17a0d18-ea77-414f-adb4-3edc3ee3a4ad
Bob Lapinski AF Group (517) 708-5664 or (517) 331-4890 [email protected]
