AM Best Affirms Credit Ratings for Members of Ally Insurance Group
- September 17, 2026 09:37 AM (EDT)
//BestWire// - AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of “a” (Excellent) of the members of Ally Insurance Group (Ally Insurance). The members include Motors Insurance Corporation and its reinsured subsidiaries, MIC Property and Casualty Insurance Corporation and CIM Insurance Corporation, as well as an affiliate, Ally International Insurance Company Ltd. (AIICL). All companies are domiciled in Detroit, MI, except AIICL, which is domiciled in Bermuda. The outlook for these Credit Ratings (ratings) is stable.
The ratings reflect Ally Insurance’s balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.
Ally Insurance’s balance sheet strength assessment is supported by its strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), its modest underwriting leverage, prudent reserving, as well as conservative investment portfolio. The group has historically paid large dividends to its ultimate parent, which has not hindered surplus growth over the past five years. The group’s earning capacity remains solid through disciplined underwriting and a steady stream of investment income on its growing invested asset base.
The group’s operating performance remains adequate, although results were negatively impacted in 2025 by weather and non-weather-related losses within the group’s auto physical damage line of business, as well as guaranteed asset protection (GAP) line of business. The group’s GAP product experienced an increase in losses in 2025 and in the first half of 2026, driven by continued macroeconomic challenges facing the auto industry. Overall earnings continued to benefit from solid growth in net investment income during this time.
The group’s neutral business profile is supported by its well-established presence as a specialized writer of vehicle service contracts and GAP products throughout the United States and Canada and is also a leading provider of selected commercial insurance coverages, primarily auto physical damage for dealers’ vehicle inventory throughout the United States. Ally Insurance also benefits from its leading innovative processes aligned with its ultimate parent, which have led to strategic partnerships, and its appropriate risk management capabilities.
The stable outlooks reflect AM Best’s expectation that the group will maintain a balance sheet strength assessment in the strongest range over the intermediate term with adequate operating results contributing to surplus growth needed to support its growing book of business.
This press release relates to Credit Ratings that have been published on AM 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 AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings (BCR), Best’s Performance Assessments (PA), Best’s Preliminary Credit Assessments (PCA) and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.