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A.M. Best Co. has affirmed the financial strength rating (FSR) of A- (Excellent) and issuer credit rating (ICR) of “a-” of
Crusader Insurance Company (Crusader). Additionally, A.M. Best has affirmed the ICR of “bbb-“ of Crusader’s parent company,
Unico American Corporation (Unico) [NASDAQ:UNAM]. The outlook for all ratings is stable. Both companies are domiciled in Woodland Hills, CA.
The rating actions reflect Crusader’s excellent level of risk-adjusted capitalization and profitable financial performance coupled with its solid knowledge of the California market. Furthermore, the ratings acknowledge the financial flexibility afforded Crusader via Unico.