How Does AIG Rank For Financial Strength?

One crucial aspect of insurance shopping is making sure that your chosen insurer has strong scores from financial strength rating firms. If the time comes when you do need to file a claim, the last thing you want to be concerned about is if AIG has the financial security to pay out your claim.

Considering the fact that AIG required a $180 billion bailout from the United States government in 2008, it’s entirely understandable to be hesitant about their services. That is until you check their financial strength ratings and realize that today, they’re quite strong:

A.M. Best Financial Strength Rating: A

“Assigned to insurance companies that have an excellent ability to meet their ongoing insurance obligations.”

A.M. Best Issuer Credit Rating: a

“Assigned to entities that have an excellent ability to meet their ongoing senior financial obligations.”

Moody’s Rating: A2

"Obligations rated A are considered upper-medium-grade and are subject to low credit risk.”

Standard & Poor’s Financial Strength Rating: A+

“An insurer rated A has strong financial security characteristics, but is somewhat more likely to be affected by adverse business conditions than are insurers with higher ratings.”