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AM Best Affirms Credit Ratings of Members of Farmers Insurance Group
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AM Best Removes From Under Review With Developing Implications and Affirms Credit Ratings of Most Members of Farmers Insurance Group
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AM Best Places Credit Ratings of Members of Farmers Insurance Group Under Review With Developing Implications
December 11, 2020 GMT
OLDWICK, N.J. (BUSINESS WIRE) Dec 11, 2020
AM Best has placed under review with developing implications the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of the members of Farmers Insurance Group (Farmers). Concurrently, AM Best has placed under review with developing implications the Long-Term Issue Credit Ratings (Long-Term IR) of “bbb+” on the outstanding surplus notes of Farmers Insurance Exchange (Exchange) (Woodland Hills, CA) and Farmers Exchange Capital. All companies are domiciled in Los Angeles, CA, unless otherwise specified. (Please see link below for a detailed listing of the companies and ratings.)