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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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What Our Clients Are Saying

Providing quality and prompt service for our policyholders is of the utmost importance for everyone from our Customer Service Team to our Claims Team and we take great pride in the feedback we receive.

I have had a last 5 months to forget. During this Covid pandemic so many people have negative memories of the year gone by. One bright memory to remember is the caring, kindness, and efficient attention showed to me by Karen S.  at the Philadelphia Contributorship. I am thankful and...

Yovanny M. East Stroudsburg, PA 18301

We have never filed a homeowners claim before in our years of owning our home. Our adjuster, Jason C. was very understanding, professional and actually took time to explain the process, payments and answered all questions that we had. Highly recommend this company! Customer service is number one with Philadelphia...

Anne W. Easton, PA 18042

During the most recent storm, I experience property damage. I called my insurance carrier and was quickly assigned to Laurie D, she went out of her way to ensure I understood the process. She demonstrated patience and compassion when explaining the process and next steps. Additionally, after giving me very...

Sherwin A. Williamstown, NJ 08094

I have had a last 5 months to forget. During this Covid pandemic so many people have negative memories of the year gone by. One bright memory to remember is the caring, kindness, and efficient attention showed to me by Karen S.  at the Philadelphia Contributorship. I am thankful and...

Yovanny M. East Stroudsburg, PA 18301

We have never filed a homeowners claim before in our years of owning our home. Our adjuster, Jason C. was very understanding, professional and actually took time to explain the process, payments and answered all questions that we had. Highly recommend this company! Customer service is number one with Philadelphia...

Anne W. Easton, PA 18042

During the most recent storm, I experience property damage. I called my insurance carrier and was quickly assigned to Laurie D, she went out of her way to ensure I understood the process. She demonstrated patience and compassion when explaining the process and next steps. Additionally, after giving me very...

Sherwin A. Williamstown, NJ 08094

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