AM Best Revises TPC's Outlook to Stable from Negative, Affirms A- (Excellent) Financial Strength
Amidst financial instability in the property/casualty industry, AM Best has revised The Philadelphia Contributionship's (TPC) outlooks to stable from negative and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent). For additional details, please see AM Best's Press Release here.
The outlook revision is a positive outcome for TPC, especially given the amount of downgrades in the industry.
TPC's financial strength remains very strong, further validated by a Kroll Bond Rating Agency (KBRA) rating of A- with a Stable outlook. TPC has maintained an A- (Excellent) or higher AM Best rating for over 100 years.
We want to offer our sincere thanks to our agents and policyholders for their support of and trust in TPC. The Philadelphia Contributionship remains dedicated to innovation, financial strength, superior customer service, and, most importantly, providing dependable insurance coverage when you need us most.
About AM Best
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
About The Philadelphia Contributionship
The Philadelphia Contributionship (TPC) is the oldest property insurance company in the United States today, founded by Benjamin Franklin in 1752. Operating in Pennsylvania, New Jersey, Delaware, Maryland and Virginia, TPC works with independent agents to provide a variety of insurance coverages. The Philadelphia Contributionship has provided insurance protection to our customers for over two and a half centuries and strives to provide that protection in a personal way - putting people first, through uniquely personal service, strong partnerships and an unmatched history of financial stability.
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