Standard and Poor's (S&P) Ratings Services raised its ratingfor Fireman's Fund Insurance Co. from A+ to AA-.' One year ago,S&P upgraded the company from an A to A+.

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S&P noted that the upgrade reflects its enhanced view of thestrategic position of Fireman's Fund to its parent, thehigher-rated Allianz SE.

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The rating outlook is negative based primarily on factors facingthe insurance sector, commodity pricing and the economyoverall.

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For more information, visit www.standardandpoors.comand www.firemansfund.com/.

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