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American Financial Group Inc. And Operating Subsidiaries Oct 10
Standard & Poors, Oct 2010
Abstract
Very strong operating performance. Diverse portfolio of specialty property/casualty commercial lines, annuity, and supplemental life insurance businesses that supports a strong competitive position. Strong capital adequacy. Competitive position in many segments that is more a function of underwriting expertise and focus, rather than brand or scale. Investment portfolio exposure to adverse economic conditions. Reinsurance recoverable and asbestos and environmental exposures. The ratings on American Financial Group Inc. (AFG) and its operating insurance subsidiaries reflect the group's very strong operating performance, which results from its strongly positioned portfolio of specialty property/casualty (P/C) commercial lines, annuity, and supplemental life businesses. Very strong capital adequacy that is redundant at the rating and appropriate financial leverage and coverage metrics further support the rating. Partially...
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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