ST. LOUIS--(BUSINESS WIRE)--Safety National Casualty Corporation announced today that the Company’s A.M. Best Financial Size Category (FSC) has advanced, increasing Safety National’s rating to A+, FSC XV.
According to A.M. Best, “The FSC is designed to provide a convenient indicator of the size of a company in terms of its statutory surplus and related accounts.” A FSC of XV designates adjusted policyholders’ surplus above $2 billion and is the highest FSC a company can achieve. Safety National reported policyholders’ surplus of $2.1 billion in the Company’s 2017 year-end financials.
“This advancement is a testament to the security and stability that our insurance and reinsurance partners receive when they trust their business to Safety National,” said Safety National’s CEO, Mark Wilhelm. “In addition to our strong commitment to our core lines of business, we are heavily focused on pioneering new solutions to meet the emerging needs of our clients. Rest assured, as we innovate and grow, we are extremely committed to maintaining the relationship-based approach to business and top-tier customer service that distinguishes us in the market.”
Safety National is a leading specialty insurance and reinsurance carrier. Providing uninterrupted service to thousands of customers nationwide for over 75 years, the Company offers specialized expertise, flexible program and placement design, and unique claims proficiency. Safety National is a member of the Tokio Marine Group and is rated A+ (Superior), FSC XV by A.M. Best. Learn more at www.safetynational.com.