A.M. Best Co. has revised its outlook for Madison, Wisconsin-based American Family Insurance Group (AMFAM) to negative from stable due in part to its trend of weak operating results.
The insurer's A financial strength rating and "a" issuer credit ratings remain unchanged and were affirmed, the Oldwick, N.J.-based rating firm said.
Best also cited AMFAM's continued exposure to catastrophic losses, the recent decline in its risk-adjusted capitalization, and ongoing competitive market conditions in the personal and commercial marketplace as reasons for the outlook change.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
