AM Best


A.M. Best Affirms Rating of Utica First Insurance Company and Revises Outlook to Positive


CONTACTS:

Analyst(s)

John E. Serino, CPCU, ARM

(908) 439-2200, ext. 5712

john.serino@ambest.com

Gerard Altonji

(908) 439-2200. ext. 5626

gerard.altonji@ambest.com
Public Relations

Jim Peavy

(908) 439-2200, ext. 5644

james.peavy@ambest.com

Rachelle Morrow

(908) 439-2200, ext. 5378

rachelle.morrow@ambest.com


FOR IMMEDIATE RELEASE

OLDWICK, N.J. - FEBRUARY 06, 2007 12:00 AM (EST)
A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) of Utica First Insurance Company (Utica, NY). The outlook for the rating has been revised to positive from stable.

The rating reflects the positive benefits derived from management's proactive initiatives, which have resulted in the company's solid operating performance and its significant improvement in capitalization.

The revised outlook reflects A.M. Best's opinion that the consistent results achieved by the company will continue in the medium term, despite softening market conditions, and that strong earnings will continue in the future.

For Best's Ratings, an overview of the rating process and rating methodologies, please visit Best's Rating Center.

Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors.

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AMB# Company Name
000944 Utica First Insurance Company