AM Best Affirms Credit Ratings of Investors Title Company and Its Subsidiaries
AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings of 'a' (Excellent) for Investors Title Company Group's subsidiaries. The company's Long-Term ICR of 'bbb' (Good) was also affirmed with a stable outlook. The ratings reflect ITC Group's very strong balance sheet strength, strong operating performance, and appropriate enterprise risk management. The company demonstrates strongest risk-adjusted capitalization and consistently outperforms industry averages in loss and loss adjustment expense ratios, leading to superior return on equity and revenue compared to peers. The group's business is primarily concentrated in North Carolina and Texas.
AM Best ha confermato il Rating di Forza Finanziaria di A (Eccellente) e i Rating di Credito dell'Emittente a Lungo Termine di 'a' (Eccellente) per le filiali di Investors Title Company Group. Il Rating di ICR a Lungo Termine dell'azienda di 'bbb' (Buono) è stato anche confermato con un outlook stabile. I rating riflettono la molto forte solidità patrimoniale del Gruppo ITC, le forti performance operative e una corretta gestione del rischio aziendale. L'azienda dimostra una capitalizzazione corretta rispetto al rischio e supera costantemente le medie del settore nei rapporti sulle perdite e sulle spese di aggiustamento delle perdite, portando a un rendimento del capitale e a ricavi superiori rispetto ai concorrenti. L'attività del gruppo è principalmente concentrata in North Carolina e Texas.
AM Best ha confirmado la Calificación de Fuerza Financiera de A (Excelente) y las Calificaciones de Crédito del Emisor a Largo Plazo de 'a' (Excelente) para las subsidiarias de Investors Title Company Group. La Calificación de ICR a Largo Plazo de la compañía de 'bbb' (Buena) también fue confirmada con una perspectiva estable. Las calificaciones reflejan la muy fuerte fortaleza de balance del Grupo ITC, un sólido rendimiento operativo y una adecuada gestión del riesgo empresarial. La empresa demuestra una capitalización ajustada al riesgo más fuerte y supera consistentemente los promedios de la industria en las razones de pérdidas y gastos de ajuste de pérdidas, lo que lleva a un rendimiento del capital y a ingresos superiores en comparación con sus pares. El negocio del grupo está principalmente concentrado en Carolina del Norte y Texas.
AM Best는 Investors Title Company Group의 자회사에 대해 A (우수) 재무 건전성 등급과 'a' (우수) 장기 발행자 신용 등급을 확정했습니다. 회사의 장기 ICR인 'bbb' (양호)도 안정적인 전망과 함께 확정되었습니다. 이 등급은 ITC 그룹의 매우 강력한 재무 건전성, 우수한 운영 성과 및 적절한 기업 리스크 관리 체계를 반영합니다. 이 회사는 가장 강력한 리스크 조정 자본금을 보여주며, 손실 및 손실 조정 비용 비율에서 업계 평균을 지속적으로 초과하여 동료들보다 더 나은 자기자본 수익률 및 수익을 기록하고 있습니다. 그룹 비즈니스는 주로 노스캐롤라이나와 텍사스에 집중되어 있습니다.
AM Best a confirmé la Note de Solidité Financière de A (Excellent) et les Notations de Crédit des Émetteurs à Long Terme de 'a' (Excellent) pour les filiales du Investors Title Company Group. La Note ICR à Long Terme de la société de 'bbb' (Bon) a également été confirmée avec une perspective stable. Les notes reflètent la très forte solidité bilancielle du Groupe ITC, une solide performance opérationnelle et une gestion des risques d'entreprise appropriée. L'entreprise démontre une capitalisation ajustée au risque des plus fortes et surperforme systématiquement les moyennes sectorielles en matière de ratios de pertes et de frais d'ajustement des pertes, ce qui entraîne un rendement des capitaux propres et des revenus supérieurs à ceux de ses concurrents. Les activités du groupe sont principalement concentrées en Caroline du Nord et au Texas.
AM Best hat die Finanzkraftbewertung von A (Ausgezeichnet) und die langfristigen Emittenten-Kreditratings von 'a' (Ausgezeichnet) für die Tochtergesellschaften der Investors Title Company Group bestätigt. Die langfristige ICR des Unternehmens von 'bbb' (Gut) wurde ebenfalls mit einem stabilen Ausblick bestätigt. Die Ratings spiegeln die sehr starke Bilanzstärke der ITC-Gruppe, starke operative Leistungen und angemessenes Risikomanagement wider. Das Unternehmen zeigt eine stärkste risikoadjustierte Kapitalisierung und übertrifft konsequent die Branchendurchschnittswerte bei Verlust- und Verlustanpassungskostenquoten, was zu überlegenen Eigenkapitalrenditen und Einnahmen im Vergleich zu den Mitbewerbern führt. Das Geschäft des Unternehmens ist hauptsächlich in North Carolina und Texas konzentriert.
- Maintains A (Excellent) Financial Strength Rating
- Very strong balance sheet with highest risk-adjusted capitalization
- Strong operating earnings and conservative underwriting position
- Consistently outperforms industry in loss and expense ratios
- Superior return on equity and revenue compared to peers
- Heavy geographic concentration in only two states (NC and TX)
- business profile due to product focus
Insights
The affirmation of A (Excellent) rating and stable outlook from AM Best demonstrates ITC Group's robust financial foundation and operational excellence. The strongest risk-adjusted capitalization and consistent outperformance of industry benchmarks in loss ratios are particularly noteworthy. Their concentrated exposure in North Carolina and Texas markets, while limiting geographic diversification, has proven successful through strong returns on equity and revenue.
The combination of conservative underwriting practices and effective risk management has resulted in sustained surplus growth. However, investors should note the business concentration risk, as market downturns in these key states could disproportionately impact performance. The company's excellent capital position provides a substantial buffer against potential market volatility.
The ratings reflect ITC Group’s balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management (ERM).
The balance sheet strength assessment for ITC Group reflects its strongest risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR), and its long-term surplus growth, which is reflective of the group’s strong operating earnings and conservative underwriting position. ITC Group’s operating performance consistently outperforms the industry, driven by its lower-than-average loss and loss adjustment expense ratios. This level of performance enables it to significantly outperform peers in terms of return on equity and return on revenue. ITC Group’s limited business profile is driven largely by the group’s heavy product focus and its significant geographic concentration in
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.
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Edward Zonenberg
Senior Financial Analyst
+1 908 882 2447
edward.zonenberg@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com
Fred Eslami
Associate Director
+1 908 882 1759
fred.eslami@ambest.com
Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com
Source: AM Best
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