AM Best Affirms Credit Ratings of American Financial Group, Inc. and Its Insurance Subsidiaries

AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of Great American Insurance Company and its pooling affiliates, collectively referred to as Great American Insurance Companies (Great American). Concurrently, AM Best has affirmed the Long-Term ICR of “a-” and the Long-Term Issue Credit Ratings (Long-Term IRs) of American Financial Group, Inc. (AFG) (Cincinnati, OH) [NYSE: AFG]. The outlook of these Credit Ratings (ratings) is stable.

Concurrently, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a+” of the property/casualty (P/C) members of the Republic and Summit Insurance Pool (collectively, Republic and Summit). The outlook of these ratings remains positive. Two pool members — Republic Indemnity Company of America and Republic Indemnity Company of California — are domiciled in Encino, CA. The remaining members – Bridgefield Employers Insurance Company and Bridgefield Casualty Insurance Company (collectively, the Summit companies) – are domiciled in Lakeland, FL.

AM Best also has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of “aa-” of National Interstate Insurance Company (headquartered in Richfield, OH) and its affiliates (collectively referred to as National Interstate). The outlook of these ratings is stable.

In addition, AM Best has affirmed the FSR of A+ (Superior) and the Long-Term ICRs of “aa-” of the P/C members of the Mid-Continent Group (Mid-Continent) (headquartered in Tulsa, OK). The outlook of these ratings is stable.

At the same time, AM Best has affirmed the FSR of A (Excellent) and the Long-Term ICRs of “a+” of Great American Life Insurance Company (GALIC) and its wholly owned subsidiary, Annuity Investors Life Insurance Company (AILIC), the key annuity subsidiaries of AFG. The outlook of these ratings is stable.

Furthermore, AM Best has affirmed the FSR of B++ (Good) and the Long-Term ICR of “bbb+” of Manhattan National Life Insurance Company (Manhattan National), a life subsidiary of AFG. The outlook of these ratings is stable.

All companies are subsidiaries of AFG and headquartered in Cincinnati, OH, unless otherwise specified. (Please see link below for a detailed listing of the P/C and life and annuity companies and ratings).

The ratings of Great American reflect its balance sheet strength, which AM Best categorizes as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management (ERM).