newsfilter
← Latest News
Business Wire·

AM Best Affirms Credit Ratings of The American Road Insurance Company

F
  • AM Best affirmed TARIC's Financial Strength Rating of A (Excellent) & Long-Term Issuer Credit Rating of "a" (Excellent) with a stable outlook.
  • Ratings reflect TARIC's strongest balance sheet strength, adequate operating performance, neutral business profile, & appropriate risk management.
  • TARIC is a wholly owned subsidiary of Ford Motor Credit Company LLC, which is an indirect, wholly owned subsidiary of Ford Motor Company.
  • Capital adequacy is supported by the strongest risk-adjusted capitalization level, strong liquidity metrics, & steady organic surplus growth.
  • TARIC provides specialized coverages for Ford vehicle sales & financing in the U.S. & Canada, including collateral protection, extended service contracts, commercial auto liability, general liability, & surety bonds.
  • The company benefits from operational synergies, low acquisition costs, & geographic diversification through its connection to Ford.
  • The stable outlook assumes conservative capital management will maintain strong risk-adjusted capitalization despite dividend payments.
  • Profitability is projected to remain resilient despite potential exposure to hail & convective storm losses.
  • Operational & risk management innovations remain aligned with Ford's business objectives to continue supporting TARIC.