A.M. Best Company rates FCCI Insurance Group A (Excellent) with a Stable outlook. FCCI's rating is based on a comprehensive analysis of FCCI's financial strength, operating performance and business profile, including evaluation of:
- Assets: FCCI has $2.8 billion in total assets and $2.0 billion in cash and investments.
- Balance sheet strength: Best's capital adequacy ratio, better known as BCAR, is based on an insurer's underwriting and financial performance tested against potential scenarios and how they would affect that company’s balance sheet. At a VaR confidence level of 99.6, FCCI's BCAR score of 47.6 means we have 47.6% more capital than A.M. Best requires to be financially secure.
- Reserve quality: FCCI appropriately sets reserves based on recommended actuarial estimates. FCCI does not discount workers' compensation loss and allocated adjustment expense reserves, although many other insurance companies do.
FCCI’s exceptional rating reflects our strong capital position, solid operating performance, geographic expansion and premium diversification. A.M. Best also acknowledges our dedication to disciplined underwriting, strong claims management, long-lasting relationships with agents, strong medical management capabilities, extensive risk control procedures, advanced use of technology and sophisticated predictive analytics tools.
A.M. Best Company is the most recognized and trusted rating authority dedicated to the insurance industry. They provide comprehensive insurance ratings on more than 16,00 insurance entities in more than 100 countries. For the latest rating, access www.ambest.com.
