A.M. Best Affirms A- Excellent Rating for Majestic Insurance Company

May 19, 2004

A.M. Best Company has affirmed the A- (Excellent) rating for Majestic Insurance Company, a San Francisco-based workers’ compensation insurance carrier. This rating category is assigned to companies that have, on balance, excellent financial strength, operating performance and market profile when compared to the standards established by the A.M. Best Company. The Company’s Financial Size Category is Class VI.

According to A.M. Best’s, “The rating reflects Majestic Insurance Company’s profitable operating results over the last five-year period, improved underwriting fundamentals and the Company’s expertise within its specialty workers’ compensation insurance product offering.”

“We are pleased that A.M. Best Company has, for the tenth consecutive year, recognized our exceptional performance in the workers’ compensation marketplace. Our success is the result of the efforts of our dedicated employees who are committed to superior performance in Claims Administration and Risk Management and to the professional insurance brokers who represent us,” said John L. Sullivan, president.

Majestic Insurance Company is a leading specialist in State and USL&H act workers’ compensation insurance coverage. Majestic maintains strong long-term relationships with its policyholders and brokers offering tailored products and flexibility combined with excellent claims management and risk control services. The success of these partnerships enables Majestic to be recognized as one of the most capable providers of workers’ compensation insurance in the Western United States. For more information, call John Hernandez, vice president of Marketing, at (800) 216-7770 ext. 9343.

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