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AM Best Affirms Credit Ratings of Central States Indemnity Co. of Omaha and its Subsidiary

  • AM Best affirmed Central States Indemnity Co. (CSI) & CSI Life Insurance Company with an A+ Financial Strength Rating & aa- Long-Term Issuer Credit Rating.
  • The outlook for these credit ratings remains stable.
  • Both companies are domiciled in Omaha, NE & benefit from a strongest balance sheet strength assessment by AM Best.
  • CSI & CSI Life receive implicit support from parent company Berkshire Hathaway Inc. via investment management, capital, & risk management services.
  • The insurers maintain very conservative underwriting leverage & an above-average liquidity position.
  • CSI is a specialty insurer focused on credit card credit insurance & fronting agreements, though it now writes more non-credit insurance premiums gross.
  • While the investment portfolio has elevated common stock leverage that may cause surplus volatility, reserves are sufficiently backed by cash & short-term investments.
  • AM Best is a global credit rating agency headquartered in the United States with offices in over 100 countries.