AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term ICR of 'a-' (Excellent) of
Concurrently, AM Best has revised the outlooks to positive from stable and affirmed the Long-Term ICR of 'bbb-' (Good) of
The Credit Ratings (ratings) of
The revision of Definity's outlooks to positive reflects recent improvements in underwriting results as the company completes upfront investments related to the expansion of its brands in personal lines and digital investments in technology and analytics, which are contributing to better risk selection and claims practices. The outlook change reflects favorable improvement in underwriting performance within personal and commercial lines over the last three years.
The positive outlooks further recognize AM Best's expectation that the company's operating performance will continue to benefit from management's underwriting discipline and improvements in scale and business mix while maintaining an overall very strong balance sheet strength assessment.
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