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'Excellent' from A.M. Best

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Homesite is pleased to announce that A.M. Best has assigned an initial financial strength rating of A (Excellent) and an insurer credit rating of "a" to all Homesite Group insurance companies!

A.M. Best is the world's oldest and most respected credit rating agency. These ratings are based on an independent, comprehensive quantitative and qualitative evaluation of Homesite's balance sheet, operating performance, and business profile. Additionally, these ratings are stable and A.M. Best does not expect to downgrade the rating in the near to mid-term.

The initial ratings are grounded in 100% intercompany quota share reinsurance agreement with American Family Mutual Insurance Company (American Family), the lead company of American Family Insurance Group. The reinsurance agreements became effective Jan. 1, 2014, following American Family's acquisition of the Homesite Group on Dec. 31, 2013.

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