Western World Insurance Group completed another successful year with Written
Premium of $287 million and achieved significant milestones in 2006
with Policyholders' Surplus of $272 million, GAAP assets of $1.345 billion
and GAAP net after tax income of $32 million. The Group also reported a
statutory combined ratio of 98.8% in 2006.
Awards & Ratings:
Western World Insurance Group carries an A.M. Best
Group Rating of A+ (Superior), Financial Size Category IX (April 2007). The
member companies of the Western World Insurance Group operate under a business
pooling arrangement. Each Company carries the rating of the pool. For the
latest rating, access www.ambest.com.
Western World Insurance Group carries a Standard and
Poor's Group Rating 'Api - Strong'. The member companies of
the Western World Insurance Group operate under a business pooling arrangement.
Each Company carries the rating of the pool.
Standard & Poor's Financial Strength Ratings
represent Standard & Poor's opinion of the financial security
characteristics of an insurance organization. This opinion is with respect to
the organization's ability to pay under its insurance policies and contracts in
accordance with their terms.
Public Information (Pi) Rating: Ratings with a
'pi' subscript are based on an analysis of an insurer's published financial
information as well as additional information in the public domain. They do
not, however, reflect in-depth meetings with an issuer's management and are
therefore based on less-comprehensive information than ratings without a 'pi'
subscript. Ratings with a 'pi' subscript are reviewed annually based on a new
year's financial statement but may be reviewed on an interim basis if a major
event occurs that may affect the issuer's credit quality.
