A.M. Best Affirms United Educators’ Excellent Financial Strength and Issuer Credit Ratings
Bethesda, MD — United Educators Insurance (UE), a reciprocal risk retention group serving educational institutions, is proud to announce that A.M. Best has affirmed its A (Excellent) financial strength rating and its a+ (Excellent) issuer credit rating. This marks the 19th consecutive year that UE has held these ratings.
Best reported that the ratings reflect UE’s very strong balance sheet, favorable business profile, and appropriate enterprise risk management practices. They stated that UE’s business profile is “favorable due to a strong market position and diversification of risk by region and type of institution.” In addition, the rating reflects UE’s “very strong level of capitalization, favorable operating performance, and expertise as a niche writer.”
“In this era of increasing uncertainty, we’re pleased that A.M. Best continues to recognize UE as a financially stable alternative for institutions seeking our education-specific expertise,” said Janice Abraham, president and CEO. “Our commitment to serving K-12 schools, colleges, and universities enables these institutions to focus on their unique mission and meet their evolving strategic goals.”
UE is a licensed insurance company owned and governed by 1,600 members representing thousands of schools, colleges, and universities throughout the United States. UE members range from small, private schools to multi-campus public universities.