• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Research Update: Erie Insurance Exchange And Subsidiaries 'Api' Ratings Affirmed Dec 11 Product Image

Research Update: Erie Insurance Exchange And Subsidiaries 'Api' Ratings Affirmed Dec 11

  • ID: 2033484
  • December 2011
  • Standard & Poors

Abstract
On Dec. 15, 2011, Standard & Poor's Ratings Services affirmed its 'Api' counterparty credit and financial strength ratings on Erie Insurance Exchange (EIX), Erie Insurance Co. (EIC), Erie Insurance Co. of New York (EICNY), Erie Insurance Property & Casualty Co. (EIPC), and Flagship City Insurance Co. (Flagship). The companies are members of Erie Insurance group and participate in an interaffiliate pool, and EIPC and Flagship participate in a reinsurance agreement, so we rate them as a group. The ratings reflect the group's very strong capitalization and very strong operating results, which is evidenced by the group's five-year average (2006-2010) combined ratio and return on revenues of 94% and 15%, respectively. These positive factors are partially offset by its high geographic...

Companies mentioned in this report are: Erie Insurance Exchange (Unsolicited Ratings),Erie Insurance Co. of New York (Unsolicited Ratings),Erie Insurance Co. (Unsolicited Ratings),Erie Insurance Property & Casualty Co. (Unsolicited Ratings),Flagship City Insurance Co. (Unsolicited Ratings)
Action: Affirmed

Standard and Poors RatingsXpress Credit Research provides in-depth READ MORE >

Erie Insurance Exchange (Unsolicited Ratings),Erie Insurance Co. of New York (Unsolicited Ratings),Erie Insurance Co. (Unsolicited Ratings),Erie Insurance Property & Casualty Co. (Unsolicited Ratings),Flagship City Insurance Co. (Unsolicited Ratings)

Note: Product cover images may vary from those shown

RELATED PRODUCTS