A.M. Best is the most experienced rating insurance company, having been in the business since 1906. Their Financial Strength Rating is recognized worldwide as the benchmark for assessing and comparing insurers’ financial stability. It assigns A++ through S to an insurance company.
Following is a description of what the top ratings mean:
- A++ and A+ (Superior)—Assigned to companies that have, in A.M. Best’s opinion, a superior ability to meet their ongoing obligations to policyholders.
- A and A- (Excellent)—Assigned to companies that have, in A.M. Best’s opinion, an excellent ability to meet their ongoing obligations to policyholders.
- B++ and B+ (Good)—Assigned to companies that have, in A.M. Best’s opinion, a good ability to meet their ongoing obligations to policyholders.