DES MOINES, Iowa--(BUSINESS WIRE)--The independent credit rating agency AM Best has affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the stable outlook for six insurance company subsidiaries of American Enterprise Group, Inc. (AEG). These subsidiaries operate under the brands of American Republic®, Medico®, and Great Western Insurance Company (GWIC®).
“At AEG, we are dedicated to providing solutions focused on enhancing the health and financial well-being of our customers,” said Tom Swank, chief executive officer of AEG. “This affirmation acknowledges our ongoing excellent financial strength, strategic business execution, solid operating performance, and unwavering commitment to innovation and helping our customers be well.”
According to AM Best, the rating affirmations of AEG’s insurance company subsidiaries reflect the group’s balance sheet strength, which AM Best categorizes at the strongest confidence level. The stable outlooks reflect the continued expectation of AEG's balance sheet strength, supported by its risk-adjusted capitalization, which is also expected to remain at the strongest level.
Founded in 1899, AM Best Company is a full-service credit rating organization dedicated to serving the insurance industry. The company is the world’s oldest and most authoritative insurance rating and information source. For the latest ratings, visit www.ambest.com.
About American Enterprise Group, Inc.
American Enterprise Group, Inc., has six insurance company subsidiaries under the American Republic®, Great Western Insurance Company (GWIC®), and Medico® brands. These companies distribute Medicare supplement, dental, hospital indemnity, short-term care, critical illness, pre-need, and final expense insurance products through various distribution channels and are licensed in 49 states plus the District of Columbia. American Enterprise is based in Des Moines, Iowa, and employs more than 400 people. For more information, visit www.americanenterprise.com.