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Nathan S.
Umatilla, FL
A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and issuer credit ratings (ICR) of "a" of Infinity Property & Casualty Group (Infinity P/C) (Birmingham, AL) and its operating members. In addition, A.M. Best has affirmed the ICR of "bbb" and debt rating of "bbb" on $200 million 5.50% senior unsecured notes, due 2014 of Infinity Property & Casualty Corporation (IPCC) (Birmingham, AL) (NASDAQ: IPCC). The outlook for all ratings is stable. (See below for a detailed listing of the companies and ratings.)
The affirmation of the FSR reflects Infinity P/C's excellent capitalization, favorable operating performance and strong non-standard automobile market presence. Infinity P/C ranks among the leading non-standard automobile writers in the United States. Infinity P/C's business is heavily focused in California and Florida, which generates approximately two-thirds of direct business written.
The FSR of A (Excellent) and ICRs of "a" have been affirmed for Infinity Property & Casualty Group and its following operating members:
Infinity Assurance Insurance Company
Infinity Auto Insurance Company
Infinity Casualty Insurance Company
Infinity General Insurance Company
Infinity Indemnity Insurance Company
Infinity Insurance Company
Hillstar Insurance Company
Infinity Preferred Insurance Company
Infinity Premier Insurance Company
Infinity Reserve Insurance Company
Infinity Safeguard Insurance Company
Infinity Security Insurance Company
Infinity Select Insurance Company
Infinity Specialty Insurance Company
Infinity Standard Insurance Company
Infinity County Mutual Insurance Company
The ICR of "bbb" has been affirmed for Infinity Property & Casualty Corporation. The following debt rating has been affirmed:
Infinity Property & Casualty Corporation--
-- "bbb" on $200 million 5.50% senior unsecured notes, due 2014
For Best's Debt Ratings, all other Best's Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings.
Founded in 1899, A.M. Best Company is a global full-service credit rating organization dedicated to serving the financial and health care service industries, including insurance companies, banks, hospitals and health care system providers. For more information, visit www.ambest.com.
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