Financial strength and credit ratings

As of 03/31/2021

S&P

A.M. Best (1)

Moody’s

 

Financial strength ratings (FSR) (2)

 

 

 

 

Evanston Insurance Company

A (Strong)

A (Excellent)

A2 (Good)

 

Markel Insurance Company

A

A

A2

 

Markel American Insurance Company

A

A

A2

 

Markel International Insurance Company Limited

A

A

 

 

Essentia Insurance Company

A

A

A2

 

FirstComp Insurance Company

A

A

 

 

Markel Bermuda Limited (1)

A

A

A2

 

Markel Global Reinsurance Company (1)

A

A

 

 

Markel Insurance SE

A

A

 

 

Lloyd’s Syndicate 3000 (3)

A+

A s

 

 

SureTec Insurance Company

 

A

 

 

State National Insurance Company SN

 

A

 

 

Superior Specialty Insurance Company SN

 

A

 

 

National Specialty Insurance Company SN

 

A

 

 

City National Insurance Company SN

 

A

 

 

United Specialty Insurance Company SN

 

A

 

 

Independent Specialty Insurance Company SN

 

A

 

 

Pinnacle National Insurance Company SN

 

A

 

 

Credit ratings

 

 

 

 

Markel senior debt

BBB

bbb+

Baa2

 

Markel preferred stock

BB+

bbb-

Ba1

 

 

 

 

 

 

Overall outlook

Stable

Stable

Stable

 

 

 

 

 

 

 

(1) All entities are rated XV for financial size category unless noted. Markel Bermuda Limited and Markel Global Reinsurance Company are rated XIII for financial size category. The State National Companies are rated IX for financial size category. The State National Companies are indicated above by the SN superscript.

(2) Fitch assigned unsolicited ratings of A+ to a number of Markel’s insurance companies and a rating of BBB+ to Markel’s Senior Debt.

(3) Lloyd’s Syndicate: S&P provides an FSR for the Lloyd’s marketplace not by individual syndicate. Lloyd’s marketplace is rated AA- by Fitch.

 

 












Financial strength rating

< Investment grade

 

Junk >E

S&P

AAA: Extremely strong

AA

A

BBB

BB

B

CCC

 

CC: Extremely weak

A.M. Best

A++, A+: Superior

A, A-

B++, B+

B, B-

C++, C+

C, C-

D

E

F: In liquidation

Moody’s
(1-higher, 2-mid-range, 3-lower)

Aaa: Exceptional

Aa

A

Baa

Ba

B

Caa

Ca

C: Lowest


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This document is intended for general information purposes only. The content of this document is made available on an “as is” basis, without warranty of any kind. Markel does not assume any obligation to update any information herein, or remove any information that is no longer accurate or complete. Furthermore, Markel does not assume any liability to any person or organization for loss of damage caused by or resulting from any reliance placed on that content. 

Information as of March 31, 2021. Credit ratings are under continuous review and subject to change. Please refer to Markel’s website for the most current information. The rating represents the overall financial status of the insurance companies and is not a recommendation of the specific policy provisions, rates, or practices of the issuing insurance company.

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