Another American Family Downgrade :Fitch
NU Online News Service, Dec. 10, 3:26 p.m. EST?Fitch Ratings, citing its concerns for American Family Insurance Group's falling capitalization, downgraded its financial strength rating for the company to "double-A-minus" from ?double-A," with a "Stable" outlook.[@@]
Fitch's ratings action follows a similar downgrade by Oldwick, N.J.-based A.M. Best Co., which at the end of October lowered its financial strength rating for the property-casualty affiliates of American Family Insurance Group to "A" from "A-Plus," citing the insurer's declining surplus.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
