AM Best Affirms Credit Ratings of Protective Insurance Corporation and Its Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of Protective Insurance Company (PIC) and its wholly owned subsidiary, Sagamore Insurance Company (Sagamore). These companies collectively are referred to as Protective Insurance Corporation Group. AM Best also has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” of Protective Specialty Insurance Company (Protective Specialty). Concurrently, AM Best has affirmed the Long-Term ICR of “bbb” of Protective Insurance Corporation, the organization’s publicly traded ultimate parent [NASDAQ: PTVCA, PTVCB]. The outlook of these Credit Ratings (ratings) remains negative. All companies are domiciled in Carmel, IN.