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A.M. Best Co. has affirmed the financial strength rating (FSR) of B+ (Good) and issuer credit rating (ICR) of “bbb-” of
American General Property Insurance Company (AGPIC) (Nashville, TN). The outlook for both ratings is stable. Concurrently, A.M. Best has withdrawn the ratings in response to management’s request to no longer participate in A.M. Best’s interactive rating process.
The rating affirmations reflect AGPIC’s solid level of risk-adjusted capitalization, which is maintained to support the remaining liabilities on its books, offset by its limited business profile.