Press Release - OCTOBER 04, 2017
A.M. Best Upgrades Credit Ratings of Subsidiaries of American Family Mutual Insurance Company, S.I.
FOR IMMEDIATE RELEASE
OLDWICK - OCTOBER 04, 2017
These Credit Ratings (ratings) reflect the role GAIC, PGAC, and PGACOH have as members of the American Family Insurance Group. Factors supporting this relationship are common ultimate ownership and management along with a strategic alignment across the organization. In addition, explicit support is provided to GAIC, PGAC, and PGACOH through their participation in a quota share reinsurance agreement with American Family Mutual Insurance Company, S.I.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and A.M. Best Rating Action Press Releases.
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