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AM Best Revises Outlooks to Positive of National Unity Insurance Company

AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of B+ (Good) and the Long-Term Issuer Credit Rating of “bbb-” (Good) of National Unity Insurance Company (National Unity) (San Antonio, TX).

The Credit Ratings (ratings) reflect National Unity’s balance sheet strength, which AM Best assesses as adequate, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.

The positive outlooks reflect National Unity’s trend of improved operating results resulting from underwriting initiatives that have stabilized results over the past four years. These initiatives predominantly consist of refocusing on the niche product offering, which is non-resident auto liability coverage for residents of Mexico and commercial auto liability for truck drivers traveling into the United States and exiting the domestic non-standard auto line of business. The five-year average pre-tax and total return on equity compare favorably with the composite average due to the improvement in loss ratio, as well as investment income. However, the company maintains an elevated underwriting expense ratio driven mostly by higher commission expense, which somewhat offsets the lower loss and loss ratio. A potential future rating upgrade in the operating performance assessment is contingent upon a continuation of current operating results while maintaining or improving the company’s current balance sheet metrics.

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

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