We’re pleased to report that our two rating agencies have both recently reaffirmed our strong ratings. In reaffirming our “A (Excellent)” rating with a “stable” outlook, the Best’s report stated:
“The rating reflects [AEGIS’s] excellent capitalization and historically strong long-term financial performance. Reserving practices are adequate for the losses incurred and hazards insured. AEGIS’s investment strategy emphasizes diversification and a relatively conservative approach to preservation of capital and yield enhancement. … AEGIS continues to demonstrate a strong market profile as evidenced by a high member count retention ratio, an adaptive and responsive management, and the expansion of programs within its corporate mission. … This strategy has brought significant growth while retaining virtually all of the original core membership…” (A.M. Best Company) Fitch has also reaffirmed its “stable A+” rating stating:
“The strong rating of AEGIS reflects the company’s leading market position, favorable capitalization profile, and high member retention rate. … Fitch believes that AEGIS has a strong capital position as evidenced by its low operating leverage and favorable level of surplus.” (Fitch Ratings)
These strong ratings are important in many ways: They establish AEGIS in the insurance marketplace as a solid foundation for your placements. They enable us to maintain the high quality panel of reinsurers who help stabilize your risk financing. And they help us attract new members that add scale and diversity to our portfolio of risk.