AM Best Revises Outlooks to Positive for ARAG Insurance Company
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of ARAG Insurance Company (ARAG) (Des Moines, IA).
- AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a+” (Excellent) of ARAG Insurance Company (ARAG) (Des Moines, IA).
- The severity of each loss is largely limited by the specific nature of the coverages and the pre-defined fee structure.
- These positive factors are partially offset by the substantial annual stockholder dividends paid to the parent company, ARAG North America, Inc., which have limited the company’s surplus growth in recent years.
- AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.