A.M. Best has revised the outlooks to stable for Columbia Insurance Group (Columbia) and its subsidiaries. Additionally, the financial strength rating of A- (Excellent) and issuer credit ratings of “a-” are reaffirmed.
According to A.M. Best, the outlook revisions to stable are “based on Columbia’s recent trend of improved operating performance and risk-adjusted capitalization.” In recent years, Columbia has worked hard to implement more sophisticated underwriting and pricing tools, improved agency management strategies and withdrawn from unfavorable lines of business, which have all improved profitability.
The financial strength ratings of A- and the issuer credit ratings of “a-” have been affirmed for the following subsidiaries, which collectively make up Columbia Insurance Group:
- Columbia National Insurance Company
- Association Casualty Insurance Company
- Georgia Casualty & Surety Company
- Citizens Mutual Insurance Company
- Columbia Mutual Insurance Company
Source: Columbia Insurance Group
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