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M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of "a" of (Infinity P/C) (Birmingham, AL) and its members. In addition, A.
Best has affirmed the debt rating and the ICR of "bbb" of Infinity Property & Casualty Corporation 's (IPCC) (Birmingham, AL) [NASDAQ: IPCC] $200 million 5.50% senior unsecured notes, due 2014.The outlook for all ratings is stable. The affirmation of the FSR reflects Infinity P/C's excellent capitalization, favorable earnings trend and strong non-standard automobile market presence. Infinity P/C ranks among the leading non-standard automobile writers in the United States. Business is heavily focused in California and Florida, which generates approximately two-thirds of direct business written.
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