OLDWICK, N.J.–(BUSINESS WIRE)–AM Greatest has upgraded the Monetary Energy Score to A (Wonderful) from A- (Wonderful) and the Lengthy-Time period Issuer Credit score Score to “a” (Wonderful) from “a-” (Wonderful) of Synergy Comp Insurance coverage Firm (Synergy Comp) (Sharon, PA). The outlook of those Credit score Rankings (rankings) has been revised to secure from constructive.

The rankings mirror Synergy Comp’s stability sheet power, which AM Greatest assesses as very robust, in addition to its robust working efficiency, restricted enterprise profile and acceptable enterprise danger administration.

The ranking upgrades mirror an improved stability sheet power evaluation, supported by Synergy Comp’s stage of risk-adjusted capitalization, as measured by Greatest’s Capital Adequacy Ratio (BCAR), which is assessed as strongest. The improved stability sheet evaluation displays Synergy Comp’s modest underwriting and funding leverage measures, sound liquidity ratios, and natural surplus development achieved by way of robust working efficiency that has pushed retained earnings over the long run. Synergy Comp’s risk-adjusted capitalization has benefited from sustained favorable reserve improvement patterns over the long run when considered on an accident and a calendar yr foundation which have benefited underwriting efficiency. Whereas Synergy Comp’s sustained underwriting profitability has pushed the big majority of surplus development given administration’s dedication to correct pricing and conservative reserving, retained earnings have been augmented by growing ranges of funding earnings.

This press launch pertains to Credit score Rankings which have been revealed on AM Greatest’s web site. For all ranking info regarding the discharge and pertinent disclosures, together with particulars of the workplace answerable for issuing every of the person rankings referenced on this launch, please see AM Greatest’s Current Score Exercise net web page. For extra info relating to the use and limitations of Credit score Score opinions, please view Information to Greatest’s Credit score Rankings. For info on the correct use of Greatest’s Credit score Rankings, Greatest’s Efficiency Assessments, Greatest’s Preliminary Credit score Assessments and AM Greatest press releases, please view Information to Correct Use of Greatest’s Rankings & Assessments.

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