For the 19th consecutive year, A.M. Best affirmed an ‘A’ (Excellent) financial strength rating for the American Family Insurance group, which includes American Family, Main Street America, The General, Homesite, and CONNECT, powered by American Family Insurance. The ‘A’ rating reflects A.M. Best’s opinion of an insurer’s ability to meet its ongoing insurance policy and contract obligations. The rating also reflects the company’s strong balance sheet, favorable business profile and appropriate enterprise risk management.
A.M. Best also affirmed the company’s issuer credit rating of ‘a+’ for the fourth year in a row.
For the second time, the company was assessed an innovation score. This rating improved from “Significant” last year, to “Prominent,” the second highest of five ratings. The innovation rating acknowledges the company’s commitment to a culture that promotes innovative ideas and solutions to improve processes, workflows and overall business results.
The following ratings were affirmed by A.M. Best:
- American Family Insurance group: A (Excellent) financial strength rating with a stable outlook.
- American Family Life Insurance Company: A (Excellent) financial strength rating with a stable outlook.
A.M. Best also affirmed the ‘a+’ issuer credit rating of American Family Insurance group and American Family Life Insurance Company (the fifth highest of 21 ratings). A.M Best’s issuer credit rating reflects their opinion of an insurer’s ability to meet its ongoing financial obligations.
In addition, the company has financial strength ratings of ‘A1’ from Moody’s and ‘A’ from Standard & Poors (S&P). The Moody’s ranking is fifth highest out of 21 available ratings and the S&P is sixth highest out of the 21 ratings.
Use this link to access the A.M. Best news release about the American Family Insurance group rating.
About the American Family Insurance group
Based in Madison, Wisconsin, American Family Insurance has been serving customers since 1927. We inspire, protect and restore dreams through our insurance products, exceptional service from our agency owners and employees, community investment and creative partnerships to address societal challenges. We act on our belief in diversity and inclusion by constantly evolving to meet customer needs and preferences. American Family Insurance group is the nation’s 13th-largest property/casualty insurance group, ranking No. 232 on the Fortune 500 list. The group sells American Family-brand products, primarily through exclusive agency owners in 19 states. The American Family Insurance group also includes CONNECT, powered by American Family Insurance, The General, Homesite and Main Street America. Across these companies the group has more than 13,500 employees nationwide.
About Main Street America Insurance
Founded in 1923, Main Street America Insurance offers a wide range of commercial and personal insurance, as well as fidelity and surety bond products, to individuals, families and businesses throughout the United States. The company writes more than $1.1 billion in annual premium exclusively through independent insurance agents. Main Street America carries an "A" (Excellent) Financial Strength Rating, with a Stable Outlook, and "a+" Issuer Credit Rating from A.M. Best. In 2018, Main Street America merged with American Family Insurance, the nation’s 13th-largest property/casualty insurance group, becoming the group’s channel to distribute products through independent agents. Visit us at msainsurance.com and on Facebook, Twitter and LinkedIn.