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A.M. Best revises AEG subsidiaries’ outlooks to ‘positive’

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Des Moines-based insurer American Enterprise Group Inc. announced that A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Ratings “a-” of its six insurance company subsidiaries. These subsidiaries operate under the brands of American Republic, Medico and Great Western Insurance Co. “We appreciate AM Best’s acknowledgement of our continued momentum and ongoing financial strength after acquiring GWIC into our family of companies just over a year ago,” AEG’s CEO, Tom Swank, said in a release. “The positive outlook is evidence the acquisition was the right strategic decision and shows the depth and strength of our management team.” AEG announced in January 2018 plans to acquire the Ogden, Utah-based insurer, which specializes in pre-need and final expense coverage. 

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