AM Best Affirms Credit Ratings of American National Insurance Company and Its Subsidiaries - Seite 2

The ratings of ANPAC Group reflect its balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, neutral business profile and appropriate ERM. The group continues to maintain the strongest BCAR, as well as more-than-adequate liquidity and invested assets of good credit quality. ANPAC Group’s consistent operating earnings reflect the effectiveness of management and the group’s adequate reinsurance protection during the significant uptick in catastrophic events in 2020. While the company competes with significantly larger carriers, it has proven its strength in core markets, reporting generally favorable premiums growth year over year. ANPAC Group’s ratings also reflect the support if its ultimate parent, ANICO.

The ratings of GSL reflect its balance sheet strength, which AM Best categorizes as strongest, as well as its adequate operating performance, limited business profile and appropriate ERM. The company began marketing Medicare Supplement policies in late 2019, and has reported modest premium growth. GSL is consistently profitable and benefits from the administration and risk management of the organization.

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