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American Financial Group Inc. And Operating Subsidiaries Oct 09
Standard & Poors, Oct 2009
Abstract
Strong and significantly improved operating results, with most recent performance comparable with higher rated peers'. Strong competitive position supported by a diversified portfolio of specialty property/casualty (P/C) commercial lines, annuity, and supplemental life insurance businesses. Strong capital adequacy. Investment portfolio exposure to adverse economic conditions. Susceptibility to cyclical competitive pressures relative to higher rated peers. Exposure to asbestos and environmental losses. The counterparty credit rating on American Financial Group Inc. (AFG) and the insurer financial strength ratings on its operating insurance subsidiaries reflect the group's strong operating results produced by its strongly positioned portfolio of specialty property/casualty (P/C) commercial lines, annuity, and supplemental life businesses, as well as its strong capital adequacy. Partially offsetting these positive factors are the investment...
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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