An insurance financial rating is an independent evaluation of the financial strength and stability of an insurance company. Each institute bases its evaluations in different factors and methodology.
An insurance financial rating is important because it is an indicator of an insurer’s current financial status and its ability to pay claims.
AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of A- to Rider Insurance Company (Rider) (Woodbridge, NJ). The outlook assigned to these Credit Ratings is stable.