AM Best has upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) of The Hartford Insurance Group, Inc. to 'a' (Excellent) from 'a-' (Excellent). The Long-Term ICRs for Hartford Fire Insurance Company and its pooling subsidiaries and affiliates were also upgraded to 'aa' (Superior) from 'aa-' (Superior).
The outlooks of the Long-Term ICRs have been revised to stable from positive, while the Financial Strength Rating (FSR) outlooks remain stable. These ratings reflect the Hartford Insurance Group's balance sheet strength, assessed as strongest, along with its strong operating performance, favorable business profile, and appropriate enterprise risk management.
The group's balance sheet assessment is anchored by its strongest risk-adjusted capitalization, as measured by Best's Capital Adequacy Ratio (BCAR). The Hartford also maintains significant financial flexibility through its revolving credit facility and Federal Home Loan Bank of Boston membership. Its consistent operating performance has shown positive trends due to brand strength, diversified distribution, and product offerings across segments.
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