AM Best Assigns Credit Ratings to Auto Club MAPFRE Insurance Company

Written by Emily J. Thompson, Senior Investment Analyst

Source: Businesswire

Updated: Aug 02 2024

0mins

Source: Businesswire

Credit Ratings Assigned: AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to Auto Club MAPFRE Insurance Company, reflecting its very strong balance sheet strength and adequate operating performance.
Company Profile and Management: ACMIC's limited business profile is due to its geographic and product concentration as a personal lines writer in Washington state and Idaho; however, it benefits from the support and experienced management of its affiliates within the MAPFRE U.S.A. Group.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

AM Best Assigns Credit Ratings to Auto Club MAPFRE Insurance Company

About the author

Top News

Warner Bros Rejects Paramount Bid, Endorses Netflix Deal

Ford Announces $19.5B EV Restructuring Charges

Fed Cuts Interest Rates Amid Economic Concerns

SpaceX Targets $800 Billion Valuation in Secondary Sale

Related Articles

Logitech Faces Investigation Over Cybersecurity Incident, Shares Drop Over 4%

IP Strategy Launches Poseidon AI Data Initiative, Collects 34,000 Hours of Audio Data

People Also Watch