AM Best withdraws credit ratings from some Farmers Insurance Group members

OLDWICK, NJ–(BUSINESS WIRE)–AM Best removed Financial Strength Rating (FSR) from A (Excellent) and Issuer Long Term Credit Rating (Long Term ICR) from “a” (Excellent) from 21st Century Indemnity Insurance Company (Harrisburg, PA), 21st Century Pacific Insurance Company (Denver, CO) and 21st Century Auto Insurance Company of New Jersey (West Trenton, NJ), which were former members of Farmers Insurance Group.

AM Best has withdrawn these credit ratings (ratings) as the companies are not currently venture entities, nor are they currently part of any reinsurance or pooling arrangement that would warrant support from another entity. AM Best does not currently perform ratings on non-risk bearing entities. Should these entities revert to risky entities, they would be eligible to participate in AM Best’s interactive rating process.

These companies were acquired by Everspan Insurance Company, which is a member of the Everspan Group and currently holds an FSR of A- (Excellent) and a long-term ICR of “a-” (Excellent), on January 1, 2022, in the form of dormant shells clean.

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 relevant 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 webpage. For more information on the use and limitations of credit rating opinions, please see Best’s Guide to Credit Ratings. For more information on the proper use of Best’s Credit Scores, Best’s Preliminary Credit Scores, and AM Best’s press releases, please see Best’s Scores and Ratings Proper Use Guide.

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 more than 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2022 by AM Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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