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AM Best Affirms Credit Ratings of Old United Casualty Company and Old United Life Insurance Company

  • AM Best affirmed an FSR of A (Excellent) & a Long-Term ICR of "a+" (Excellent) for Old United Casualty Company (OUC) & Old United Life Insurance Company (OUL).
  • The outlook for both credit ratings is stable.
  • Both companies are headquartered in Overland Park, KS.
  • OUC benefits from affiliation with Berkshire Hathaway Inc., which manages its investment portfolio of cash, bonds, & stocks.
  • OUC specializes in vehicle service contracts, GAP, & surety business, with 95% of its business in auto warranties & 90% of 2025 premiums written in Kansas.
  • OUC maintains a strongest-level balance sheet strength driven by risk-adjusted capitalization, favorable underwriting leverage, & conservative investments.
  • OUL maintains a very strong balance sheet strength supported by strong liquidity & high cash/short-term investment holdings.
  • OUL offers a limited business profile focused on credit life & credit accident/health products concentrated in three states.
  • OUL sales have been insignificant over the past two years as market preferences shifted toward vehicle service contracts.
  • AM Best expects the greater Berkshire organization to continue providing implicit support to OUL if required.