AM Best reaffirms ratings, outlook returns to stable

07/06/2016

AM Best Review:  Reaffirms FSR and ICR ratings with ICR outlook returning to stable

AM Best is a global credit rating agency serving the insurance industry by providing assessments of the financial strength and creditworthiness of insurance companies. NEIL’s annual assessment occurs each June and includes a detailed review of financial information as well as operational reviews provided from various Leadership Team members.

As indicated in the press release link below, AM Best reaffirmed our Financial Strength Rating (FSR) of “A” Excellent and our Issuer Credit Rating (ICR) of “a+”, but also revised the ICR outlook to stable from negative.  The outlook for the FSR remains stable.

The rating committee remains focused on NEIL’s underwriting performance, but they recognize the benefits of our enterprise risk management culture, comprehensive loss prevention programs, and capital management philosophy.  The change is a validation of NEIL’s success in effectively managing its evolving risk exposures while maintaining a strong overall financial position.

The full report will be complete and available for review mid-August. 

AM Best Press Release