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Stock impact report

AM Best Withdraws Credit Ratings of Southern General Insurance Company [Yahoo! Finance]

Brown & Brown, Inc. (BRO) 
Last brown & brown, inc. earnings: 4/27 05:00 pm Check Earnings Report
US:NYSE Investor Relations: brown.edu
Company Research Source: Yahoo! Finance
Long-Term Issuer Credit Rating (Long-Term ICR) to "b+" (Marginal) from "bb-" (Fair) of Southern General Insurance Company (SGIC) (Atlanta, GA). The outlook of the FSR has been revised to stable from negative, while the outlook of the Long-Term ICR is negative. Concurrently, AM Best has withdrawn the Credit Ratings (ratings) as the company has requested to no longer participate in AM Best's interactive rating process. The ratings reflect SGIC's balance sheet strength, which AM Best assesses as weak, as well as its marginal operating performance, limited business profile and marginal enterprise risk management. The rating actions reflect weakening in SGIC's balance sheet due to continued surplus erosion in the past five years, although stable through the third quarter of 2025. The decline in policyholders' surplus has outpaced the reduction in net premium volume, while liquidity has trended downward as non-affiliated invested assets have contracted and liabilities have continued to Show less Read more
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