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AM Best affirms A ratings, stable outlooks for American Enterprise Group companies


Des Moines-based American Enterprise Group Inc. announced that AM Best has affirmed the Financial Strength Ratings of A (excellent) and the stable outlooks of its six insurance company subsidiaries that operate under the American Republic, Medico and Great Western Insurance Co. brands. According to AM Best, the rating affirmations reflect the group’s balance sheet strength, which AM Best categorizes at the strongest confidence level. The stable outlooks reflect the continued expectation of AEG’s balance sheet strength, supported by its risk-adjusted capitalization, which is also expected to remain at the strongest level. “AM Best’s affirmation of our excellent financial strength ratings through the pandemic demonstrates our solid foundation and commitment to our customers,” said Tom Swank, CEO of American Enterprise Group.

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