Moody’s Investors Service affirmed its A2 insurance financial strength rating for Fireman’s Fund Insurance Co. Moody’s also announced that its outlook for the Novato, Calif.-based insurer remains stable, which is consistent with the stable outlook of its parent company, Allianz SE.
In the announcement, Moody’s said key reasons for the affirmed rating are “the company’s intrinsic business and financial fundamentals as well as implicit and explicit support provided by its parent company, Allianz SE, one of the world’s largest insurance groups (rated Aa3 for insurance financial strength).” Moody’s recognized ” its improved underwriting performance and business focus, its conservative investment profile and strong reinsurance protection, and its recognized brand identity in niche commercial (e.g. crop insurance) and high-end personal lines.”
Fireman’s Fund Insurance Co. is a property and casualty insurance company providing personal and commercial insurance products nationwide. The company is a member of the Allianz Group, the world’s largest provider of property and casualty insurance by revenue.
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