AM Best Confirms Standard Insurance Company's Excellent Credit Rating
- AM Best reaffirmed the Financial Strength Ratings for Standard Insurance Company and affiliates, as well as Pacific Guardian Life Insurance Company.
- The ratings reflect strong balance sheet strength and operating performance, with a stable outlook.
- These ratings assure stakeholders of the companies' financial stability and effective risk management.
On November 7, 2024, AM Best announced the affirmation of the Financial Strength Rating (FSR) at A (Excellent) for several insurance companies, including Standard Insurance Company and its affiliates. The ratings reflect strong balance sheet strength, strong operating performance, and appropriate enterprise risk management. Additionally, Pacific Guardian Life Insurance Company received a similar affirmation, highlighting its robust risk-adjusted capitalization and strategic importance to its parent company. The overall outlook for these ratings is stable, indicating confidence in the financial stability of these organizations. AM Best's assessments consider various factors including each company's business profiles and historical dividend impacts, demonstrating a comprehensive analysis of their financial health.