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AM Best Revises Outlooks to Positive for National American Insurance Company

August 19, 2021 GMT

OLDWICK, N.J.--(BUSINESS WIRE)--Aug 19, 2021--

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of National American Insurance Company (NAICO) (Chandler, OK).

The ratings reflect NAICO’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.

The revision of the outlooks to positive is based on the company’s consistent positive underwriting results over a 10-year time period, aided by a pure loss ratio that exceeds the industry composite average by over 10 percentage points, which is partially offset by an elevated underwriting expense ratio. Furthermore, the company has reported profitable pre-tax operating return measures that are either comparable or outperformed its industry composite averages on a five- and 10-year average basis, as well as growing net investment income generated over the past five years, reflective of steady growth in the invested asset base driven by positive operating cash flows. The positive underwriting performance can be attributed to management’s implementation of loss control mechanisms that are allowing the company to remain selective in terms of underwriting new accounts, along with management’s conservative approach to the marketplace as evidenced by a willingness to release unprofitable accounts.


This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper use of Best’s Credit Ratings, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit

Copyright © 2021 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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CONTACT: Adib Nassery

Senior Financial Analyst

+1 908 439 2200, ext. 5205

Brian O’Larte


+1 908 439 2200, ext. 5138


Christopher Sharkey

Manager, Public Relations

+1 908 439 2200, ext. 5159

Jim Peavy

Director, Communications

+1 908 439 2200, ext. 5644




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PUB: 08/19/2021 09:46 AM/DISC: 08/19/2021 09:46 AM