Allstate Subsidiaries Receive A+ Rating from AM Best

AM Best has assigned a Financial Strength Rating of A+ (Superior) and a Long-Term Issuer Credit Rating of “aa-” (Superior) to Safe Auto Choice Insurance Company, Safe Auto Value Insurance Company, and Safe Auto Insurance Company. The ratings reflect the companies' inclusion in Allstate Insurance Group, which has a strong balance sheet and operating performance. The outlook for these ratings is stable.

AM Best has affirmed its Financial Strength Rating (FSR) of A+ (Superior) and Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” (Superior) for Safe Auto Choice Insurance Company, Safe Auto Value Insurance Company, and Safe Auto Insurance Company. These ratings reflect the companies' inclusion in the robust Allstate Insurance Group, which boasts a strong balance sheet and operating performance. The outlook for these ratings remains stable AM Best Comments on Credit Ratings of DB Insurance Co., Ltd. Following Announced Acquisition of The Fortegra Group Inc^[1].

The ratings reflect the companies' solid financial health, as indicated by their inclusion in the Allstate Insurance Group. Allstate's strong balance sheet and consistent operating performance provide a stable foundation for the subsidiary companies. AM Best's stable outlook underscores the confidence in the companies' ability to maintain their current financial strength and creditworthiness.

The stable outlook for these ratings is a testament to the strong financial position of the Safe Auto companies. Their affiliation with Allstate, a well-established and financially sound entity, contributes to their overall creditworthiness. The stable outlook also indicates that AM Best expects the companies to continue operating efficiently and maintaining their strong capitalization levels.

For investors and financial professionals, these ratings provide reassurance about the financial stability and creditworthiness of the Safe Auto companies. The A+ FSR and "aa-" Long-Term ICR ratings are indicators of strong financial health and a low risk of default. The stable outlook further reinforces this confidence, suggesting that the companies are well-positioned to withstand market fluctuations and maintain their financial strength.

In summary, AM Best's ratings for Safe Auto Choice Insurance Company, Safe Auto Value Insurance Company, and Safe Auto Insurance Company reflect their strong financial position and the stability of their parent company, Allstate Insurance Group. The stable outlook adds further reassurance to investors and financial professionals.