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AM Best Comments on the Credit Ratings of GuideOne Insurance Companies’ Members Following Reorganization Announcement
April 1, 2021 GMT
OLDWICK, N.J.--(BUSINESS WIRE)--Apr 1, 2021--
AM Best has commented that the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of GuideOne Mutual Insurance Company (West Des Moines, IA) and its wholly owned subsidiaries, collectively referred to as GuideOne Insurance Companies (GuideOne), are unchanged by the announced reorganization of its corporate structure to a mutual holding company, effective April 1, 2021. The outlook of these Credit Ratings (ratings) is stable. (See below for a detailed listing of the companies and ratings).
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