AM Best Affirms Credit Ratings of Palms Insurance Company, Limited
NextEra Energy, Inc. (NEE)
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Source: Business Wire
OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” (Excellent) of Palms Insurance Company, Limited (Palms) (George Town, Cayman Islands). The outlook of these Credit Ratings (ratings) is stable.The ratings reflect Palms’ balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.Palms is a single-parent insurer wholly owned by NextEra Energy Capital Holdings, Inc. (NEECH), which in turn is wholly owned by NextEra Energy, Inc. (NextEra) [NYSE: NEE]. Palms underwrites insurance risks primarily from NextEra and its affiliates, providing specialized direct and assumed property, casualty, workers’ compensation, automobile liability and employers’ liability coverages. Palms also provides property and casualty insurance to select non-affiliated entities.The ratings reflect Palms’
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NEE
Earnings
- 4/24/24 - Beat
NEE
Sec Filings
- 4/5/24 - Form 4
- 4/1/24 - Form ARS
- 4/1/24 - Form DEF
- NEE's page on the SEC website