Safety National announced today that the Company’s A.M. Best Financial Size Category (FSC) has advanced, increasing Safety National’s rating to A+ XIV.
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 XIV designates adjusted policyholder surplus between $1.5 billion and $2 billion. Safety National reports policyholders’ surplus of $1.5 billion in the Company’s 2015 year-end financials.
“This advancement is a testament to the security and stability that our brokers, policyholders and reinsurance partners receive when they trust their business to Safety National,” said Safety National’s CEO, Mark Wilhelm. “In addition to our strong core excess workers’ compensation business, we have carefully poised the company for imminent growth by cultivating areas like large deductible casualty, loss portfolio transfers and treaty reinsurance. With the recent launch of Safety Specialty, our new excess and surplus company, we are now concentrating on new product development that will position Safety National for an even brighter future.”