OLDWICK, N.J.--(BUSINESS WIRE)--Aug 1, 2018--A.M. Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of C+ (Marginal) and the Long-Term Issuer Credit Rating of “b-” of Country-Wide Insurance Company (Country-Wide) (New York, NY).

The Credit Ratings (ratings) reflect Country-Wide’s balance sheet strength, which A.M. Best categorizes as weak, as well as its marginal operating performance, limited business profile and marginal enterprise risk management.

The revision of the outlooks reflects the improved operating performance as a result of underwriting initiatives taken by management to address rate and reserve adequacy. In addition, Country-Wide’s expense ratio has improved after changes were made to the commission structure. These changes have shown some improvement to the operating ratio in 2017 and through the first six months of 2018.

This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s web page. For additional information regarding the use and limitations of Credit Rating opinions, please view . For information on the proper media use of Best’s Credit Ratings and A.M. Best press releases, please view .

A.M. Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit for more information.

Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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CONTACT: A.M. Best

Janet Hernandez, +1 908 439 2200, ext. 5767

Senior Financial Analyst

janet.hernandez@ambest.com

or

Richard Attanasio,+1 908 439 2200, ext. 5432

Senior Director

richard.attanasio@ambest.com

or

Christopher Sharkey, +1 908 439 2200, ext. 5159

Manager, Public Relations

christopher.sharkey@ambest.com

or

Jim Peavy, +1 908 439 2200, ext. 5644

Director, Public Relations

james.peavy@ambest.com

KEYWORD: UNITED STATES EUROPE NORTH AMERICA NEW JERSEY NEW YORK

INDUSTRY KEYWORD: PROFESSIONAL SERVICES INSURANCE

SOURCE: A.M. Best

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PUB: 08/01/2018 02:58 PM/DISC: 08/01/2018 02:58 PM

http://www.businesswire.com/news/home/20180801005899/en