A.M. Best Rating of Proposed Carriers & Financial Size Categories
A.M. Best Rating of Proposed Carriers & Financial Size Categories
General Rating:
These rating classifications reflect BEST’s opinion of the relative position of each company in comparison with others, based upon averages within the Property-Casualty insurance industry. They are reflective of overall company services and standing within the industry.
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A++, A+
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Superior
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B++
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Very Good
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C++, C+
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Fair
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A, A-
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Excellent
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B, B-
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Good
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C, C-
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Marginal
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Financial Size Category:
The financial Size Category is an indication of the size of an Insurer and is based on reported Policyholders’ surplus plus conditional or Technical Reserve Funds, such as mandatory securities valuation reserve, other investment and operating contingency funds and/or miscellaneous voluntary reserves in liabilities.
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Financial Size Category (in Thousands)
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Class I
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Up to
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$1,000
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Class II
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$1,000
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to
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$2,000
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Class III
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$2,000
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to
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$5,000
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Class IV
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$5,000
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to
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$10,000
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Class V
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$10,000
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to
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$25,000
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Class VI
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$25,000
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to
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$50,000
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Class VII
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$50,000
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to
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$100,000
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Class VIII
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$100,000
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to
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$250,000
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Class IX
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$250,000
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to
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$500,000
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Class X
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$500,000
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to
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$750,000
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Class XI
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$750,000
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to
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$1,000,000
|
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Class XII
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$1,000,000
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to
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$1,250,000
|
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Class XIII
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$1,250,000
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to
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$1,500,000
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Class XIV
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$1,500,000
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to
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$1,750,000
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Class XV
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$1,750,000
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to
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$2,000,000
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This information has been provided to you so that consideration is given to the financial condition of our proposed carriers. The financial information disclosed is the most recent available to Brown & Brown Lone Star Insurance Services, Inc. Brown & Brown does not guarantee financial condition of the insurers listed above.
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