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AM Best Assigns Indicative Issue Credit Ratings to The Hartford Financial Services Group, Inc.

BY Business Wire | CORPORATE | 09/27/24 10:38 AM EDT

OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has assigned indicative Long-Term Issue Credit Ratings of ?a-? (Excellent) to senior unsecured issues, ?bbb+? (Good) to senior subordinated issues and ?bbb? (Good) to junior subordinated and preferred stock on the recently filed shelf registration of The Hartford Financial Services Group, Inc. (The Hartford) (Delaware) [NYSE: HIG]. The outlook assigned to these Credit Ratings (ratings) is positive.

Concurrently, AM Best has withdrawn the ratings on the previous shelf registration that expired. All other ratings of The Hartford and its insurance subsidiaries are unchanged.

The Hartford?s adjusted financial leverage and earnings before interest, preferred dividends and taxes coverage have been within AM Best?s expectations.

This press release relates to Credit Ratings that have been published on AM Best?s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best?s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best?s Credit Ratings, Best?s Performance Assessments, Best?s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best?s Ratings & Assessments.

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.

Copyright ? 2024 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Source: AM Best

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