Bedford, NH – A.M. Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa- “(Superior) of the members of Concord Group Insurance Companies for the fourth consecutive year.
The ratings reflect The Concord Group’s balance sheet strength, which A.M. Best assesses as strongest, as well as its adequate operating performance, neutral business profile, and appropriate enterprise risk management (ERM).
“We are very pleased to have our A+ (Superior) Financial Strength Rating affirmed by A.M. Best for a fourth consecutive year,” said Daniel L. McCabe, President & Chief Executive Officer of The Concord Group. “Our results directly reflect the commitment and hard work each and every employee of The Concord Group puts into the organization every day. It also validates our collaborative efforts with Auto-Owners and our Independent Agents, balancing profitability while offering competitive products and services to our policyholders.”
AM Best has affirmed the FSR of A++ (Superior) and the Long-Term ICRs of “aa+” (Superior) of Auto-Owners and its four wholly owned property/casualty (P/C) companies that compose Auto-Owners Insurance Group (AOIG).
Source: Concord Insurance Group