Amer Natl Insurance (ANAT-Q) Quote

The ratings of ANPAC Group reflect its balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, neutral business profile and appropriate ERM. The group continues to maintain the strongest BCAR, as well as more-than-adequate liquidity and invested assets of good credit quality. ANPAC Group’s consistent operating earnings reflect the effectiveness of management and the group’s adequate reinsurance protection during the significant uptick in catastrophic events in 2020. While the company competes with significantly larger carriers, it has proven its strength in core markets, reporting generally favorable premiums growth year over year. ANPAC Group’s ratings also reflect the support if its ultimate parent, ANICO.

The ratings of GSL reflect its balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, limited business profile and appropriate ERM. The company began marketing Medicare Supplement policies in late 2019, and has reported modest premium growth. GSL is consistently profitable and benefits from the administration and risk management of the organization.

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 media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media – Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

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 New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

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