OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a-” (Excellent) of the property/casualty (P/C) subsidiaries of United Fire Group, Inc. (UFG) [NASDAQ: UFCS] (collectively known as United Fire & Casualty Group), which operate under an intercompany pooling agreement led by United Fire & Casualty Company. Concurrently, AM Best has affirmed the Long-Term ICR of “bbb-” (Good)
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How will the reaffirmation of United Fire Group's A- Financial Strength Rating influence its cost of capital and underwriting pricing power?
What does the rating affirmation indicate about the company's loss reserves, profitability trends, and potential adjustments to earnings guidance?
How does United Fire Group’s rating compare to peer property/casualty insurers, and could this affect its competitive positioning or market share?