Safety National announced today that the Company’s A.M. Best Financial Size Category (FSC) has increased to XIII.
According to A.M. Best, “The FSC is designed to provide a convenient indicator of the size of a company in terms of its statutory surplus and related accounts.” A FSC of XIII designates adjusted policyholder surplus between $1.25 billion and $1.5 billion. Safety National reports policyholders’ surplus of $1.3 billion in the Company’s 2014 third quarter financials.
“We are very pleased to have surpassed the $1.25 billion threshold that advances Safety National to FSC XIII,” said Safety National’s CEO, Mark Wilhelm. “Recently, Safety National has been able to improve our FSC every year by fostering our core excess workers’ compensation business and cultivating growth areas like our Large Casualty Program, treaty reinsurance and loss portfolio transfers. This pattern is a testament to the security and stability that brokers and policyholders receive when they trust their business to Safety National.”