AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to 'a+' (Excellent) from 'a' (Excellent) and affirmed the Financial Strength Rating (FSR) of A (Excellent) of
The outlook of the Long-Term ICRs has been revised to stable from positive while the outlook of the FSR is stable. All companies are domiciled in
The Credit Ratings (ratings) reflect Blue Cross &
The primary driver of the rating upgrades is Blue Cross &
Operating performance is assessed as adequate. The group has shown a modestly favorable trend in premium growth in recent years. Its business strategy is to underwrite to breakeven results and have investment and fee-based income drive net earnings, which it has done consistently. AM Best assesses Blue Cross &
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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