- Language: English
- 128 Pages
- Published: January 2012
- Region: Global, United States
Research Update: Erie Insurance Exchange And Subsidiaries 'Api' Ratings Affirmed Dec 11
- Published: December 2011
- Standard & Poors
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)
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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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)