Progressive's ASI Gets A.M. Best Upgrade to A+
A.M. Best has upgraded the Financial Strength Rating (FSR) to A+ (Superior) from A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) to “aa-” from “a+” of American Strategic Insurance Corp (ASI) and certain affiliates under the ultimate parent company of the carrier, Progressive Corporation.
The outlook of these Credit Ratings (ratings) has been revised to stable from positive. Concurrently, A.M. Best has assigned an FSR of A+ (Superior) and a Long-Term ICR of “aa-” to Progressive Property Insurance Company, a newly added affiliate. The outlook assigned to these ratings is stable.