Fitch Ratings has affirmed the “A-” insurer financial strength ratings of Ohio Casualty Group’s intercompany pool members as the parent company’s “BBB-” long-term issuer rating and outstanding debt. The rating outlook is stable, the agency said.
Fitch said in a statement that the ratings reflect Ohio Casualty’s improved operating results, strong capitalization and reasonable financial leverage. Weighted against these positives were significant adverse reserve development for prior years’ losses and a high operating expense ratio relative to peers and the industry.
Was this article valuable?
Here are more articles you may enjoy.
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
Berry Producer Driscoll’s Sued Over Alleged Greenwashing, Use of Forever Chemicals 
Viewpoint: The AI Ransomware That Couldn’t Get Paid 
Tropical Storm Watches Posted Across Florida’s Panhandle Region 
