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A.M. Best Affirms Ratings Of Allstate New Jersey Insurance Group Members

While the outlook for the ratings of Allstate New Jersey is stable, the ratings could be downgraded if underwriting performance and/or capital levels fall materially short of A.M. Best’s expectations.

The FSR of A- (Excellent) and ICRs of “a-” have been affirmed for the following members of Allstate New Jersey Insurance Group:

• Allstate New Jersey Insurance Company

• Allstate New Jersey Property and Casualty Insurance Company

• Encompass Insurance Company of New Jersey

• Encompass Property and Casualty Insurance Company of New Jersey

• Esurance Insurance Company of New Jersey

The methodology used in determining these ratings is Best’s Credit Rating Methodology, which provides a comprehensive explanation of A.M. Best’s rating process and contains the different rating criteria employed in the rating process. Key criteria utilized include: “Risk Management and the Rating Process for Insurance Companies”; “Understanding BCAR for Property/Casualty Insurers”; “Catastrophe Analysis in A.M. Best Ratings”; and “Rating Members of Insurance Groups.” Best’s Credit Rating Methodology can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2013 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

Copyright Business Wire 2010
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