AM Best Withdraws Credit Ratings of ADM Insurance Company; Affirms Credit Ratings of Agrinational Insurance Company
Archer-Daniels-Midland Company (ADM)
Last archer-daniels-midland company earnings: 4/29 04:05 pm
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Company Research
Source: Business Wire
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has withdrawn the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of ADM Insurance Company (Phoenix, AZ). ADM Insurance Company was a member of ADM Insurance Group. AM Best has withdrawn these Credit Ratings (ratings) as the company has been sold to a non-affiliated company.At the same time, AM Best has affirmed the FSR of A- (Excellent) and the Long-Term ICR of “a-” (Excellent) of Agrinational Insurance Company (Agrinational) (Burlington, VT), the group’s remaining member. The outlook of these ratings is stable.The ratings reflect Agrinational’s balance sheet strength, which AM Best assesses as strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.The affirmation of the ratings reflects the strongest levels of risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), and t
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ADM
Earnings
- 3/12/24 - Miss
ADM
Sec Filings
- 4/10/24 - Form ARS
- 4/10/24 - Form DEFA14A
- 4/10/24 - Form DEF
- ADM's page on the SEC website