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.
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead 
Nearly Half of 100 Largest P/C Insurers Destroy Value: ACORD 
High-Net-Worth Risk Appetite Drops as Some Regions Show Stabilization 
Is the AI Boom a Bubble Waiting to Pop? Here’s What History Says 
