February 26, 2015
A.M. Best Affirms its Ratings for Western National Insurance Group
(Minneapolis, Minn.) Western National Insurance Group (WNIG) of Edina, Minn., today announced that A.M. Best Company has affirmed the group’s “A” (Excellent) financial strength rating as well as its “a+” issuer credit rating, effective immediately. The group’s outlook for all ratings remains stable.
These ratings, which reflect the group’s solid risk-adjusted capitalization, strong operating performance, and superior business profile, apply to Western National Mutual Insurance Company and the following wholly owned subsidiaries: Western National Assurance Company, Western Home Insurance Company, Pioneer Specialty Insurance Company, Umialik Insurance Company, and Arizona Automobile Insurance Company. Concurrently, A.M. Best has affirmed the financial strength rating of “A” (Excellent) and issuer credit rating of “a” of subsidiary American Freedom Insurance Company.
“We are pleased to have another year of strong financial performance and stability reflected in this affirmation by A.M. Best,” said Stuart Henderson, President and Chief Executive Officer of Western National Insurance Group. “The ‘A’ (Excellent) grading of our profitability and capitalization is once again the result of solid business strategy and of the continued hard work of our employees and agency partners. We look forward to growing that financial strength and stability yet again in the year ahead, for the continued financial protection of our group’s policyholders.”
Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the insurance industry. The company is the world’s oldest and most authoritative insurance rating and information source.
Western National Insurance Group, headquartered in Edina, Minn., is a super-regional group of seven active property-and-casualty insurance companies. The group insures personal and business coverages plus surety in 19 states across the Midwestern, Northwestern, and Southwestern U.S.; and surety-only in another 7 states. The group distributes its products exclusively through Independent Insurance Agents.
For further information, please contact:
Steve Norman, M.A., AIT
Assistant Vice President - Communications
(952) 921-3820 or (800) 862-6070 (Ext. 7680)