AM Best Revises Outlooks to Stable for Members of ReAlign Insurance Group

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” (Excellent) for the members of ReAlign Insurance Group (ReAlign) (Irving, TX). (See below for a detailed listing of the companies and Credit Ratings [ratings].)

The ratings reflect ReAlign’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).

The revised outlooks reflect meaningful improvement exhibited in ReAlign’s key operating performance metrics over more-recent periods. The improvement has been largely a product of management’s decision to discontinue a large personal property book of business, which had induced volatility in the group’s results earlier in the most recent five-year period, along with improved rate adequacy and a lower frequency and severity of weather-related loss events. Full-year 2025 results turned profitable for the first time in several years, as evidenced by a combined ratio below break-even and slightly over $3 million in net underwriting gains, with this trend continuing through year-to-date 2026. Prospectively, results are expected to benefit from the reduced exposure to weather-related activity, as the book shifts more toward commercial-casualty-focused risks and management’s hands-on approach in selecting new programs that align with its risk profile, thus driving profitable operating results that fall in alignment with the adequate operating performance assessment.

ReAlign’s balance sheet strength assessment is very strong, reflecting its strongest level of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), conservative loss reserving practices, low investment risk and various sources of financial flexibility. The neutral business profile considers ReAlign’s geographic spread of risk across all 50 states as a writer of specialty program business on an admitted and nonadmitted basis. ReAlign’s ERM is appropriate, reflective of a formal and developed risk management framework, which is embedded within the organization and its risk management capabilities that fall in line with its risk profile.

The FSR of A (Excellent) and the Long-Term ICRs of “a” (Excellent) have been affirmed with the outlooks revised to stable from negative for the following members of the ReAlign Insurance Group:

• American Summit Insurance Company
• National Summit Insurance Company
• Summit Specialty Insurance Company

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

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