We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AMERISAFE & Units Receive Rating Actions From A.M. Best
Read MoreHide Full Article
Credit rating giant A.M. Best recently upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) of AMERISAFE Inc. (AMSF - Free Report) to “bbb+” from “bbb”. The outlook has been changed to stable from positive.
Concurrently, the rating giant upgraded the Long-term ICR to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of the company’s subsidiaries like American Interstate Insurance Company, Silver Oak Casualty, Inc. and American Interstate Insurance Company of Texas (Austin, TX). The outlook of FSR stays stable.
Ratings Representation
This rating acknowledges the parent company’s strong balance sheet, its favorable operating performance, a neutral business profile as well as an exceptional enterprise risk management.
This revision in the long-term ICRs takes into account the expertise of the group in the worker’s compensation market for small as well as medium scale companies in hazardous industries. Operating under an intercompany pooling arrangement, the group has generated solid underwriting as well as operating results, beating the workers’ long-term compensation composite.
AMERISAFE’s prudent underwriting practices and pricing discipline have led to favorable calendar-year loss reserve development trends. The company’s upgraded rating shows the impact of senior most creditors’ subordination on the insurance operating companies.
However, the negative rating pressure can exert an adverse effect on the company, hampering its performance trend or deteriorating its risk-adjusted capitalization.
In the past year, shares of this company have rallied 15.34%, outperforming the industry’s growth of 12.24%. The company currently has a Zacks Rank #3 (Hold).
Employers Holdings, Inc. and its subsidiaries operate in the commercial property and casualty insurance industry and it managed to pull off an average four-quarter positive surprise of 47.61%.
Alleghany Corporation provides property and casualty reinsurance and insurance products across the globe. The company came up with a positive earnings surprise of 17.61% over the trailing four quarters.
RLI Corp RLI Corp. is an insurance holding company, underwriting property and casualty insurance. It managed to deliver an average four-quarter beat of 33.65%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
Image: Bigstock
AMERISAFE & Units Receive Rating Actions From A.M. Best
Credit rating giant A.M. Best recently upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) of AMERISAFE Inc. (AMSF - Free Report) to “bbb+” from “bbb”. The outlook has been changed to stable from positive.
Concurrently, the rating giant upgraded the Long-term ICR to “a+” from “a” and affirmed the Financial Strength Rating (FSR) of A (Excellent) of the company’s subsidiaries like American Interstate Insurance Company, Silver Oak Casualty, Inc. and American Interstate Insurance Company of Texas (Austin, TX). The outlook of FSR stays stable.
Ratings Representation
This rating acknowledges the parent company’s strong balance sheet, its favorable operating performance, a neutral business profile as well as an exceptional enterprise risk management.
This revision in the long-term ICRs takes into account the expertise of the group in the worker’s compensation market for small as well as medium scale companies in hazardous industries. Operating under an intercompany pooling arrangement, the group has generated solid underwriting as well as operating results, beating the workers’ long-term compensation composite.
AMERISAFE’s prudent underwriting practices and pricing discipline have led to favorable calendar-year loss reserve development trends. The company’s upgraded rating shows the impact of senior most creditors’ subordination on the insurance operating companies.
However, the negative rating pressure can exert an adverse effect on the company, hampering its performance trend or deteriorating its risk-adjusted capitalization.
In the past year, shares of this company have rallied 15.34%, outperforming the industry’s growth of 12.24%. The company currently has a Zacks Rank #3 (Hold).
Stocks to Consider
A few better-ranked stocks from the insurance sector are Employers Holdings Inc (EIG - Free Report) , Alleghany Corporation and RLI Corp. (RLI - Free Report) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Employers Holdings, Inc. and its subsidiaries operate in the commercial property and casualty insurance industry and it managed to pull off an average four-quarter positive surprise of 47.61%.
Alleghany Corporation provides property and casualty reinsurance and insurance products across the globe. The company came up with a positive earnings surprise of 17.61% over the trailing four quarters.
RLI Corp RLI Corp. is an insurance holding company, underwriting property and casualty insurance. It managed to deliver an average four-quarter beat of 33.65%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>