AM Best Affirms Credit Ratings of Repwest Insurance Company
18 August 2022 - 03:37AM
AM Best has affirmed the Financial Strength Rating of A
(Excellent) and the Long-Term Issuer Credit Rating of “a”
(Excellent) of Repwest Insurance Company (Repwest) (Phoenix, AZ).
The outlook of these Credit Ratings (ratings) is stable. Repwest is
a wholly owned subsidiary of AMERCO [NASDAQ: UHAL], a publicly
traded holding company that is also the parent of U-Haul
International, Inc. (U-Haul).
These ratings reflect Repwest’s balance sheet strength, which AM
Best assesses as very strong, as well as its strong operating
performance, limited business profile and appropriate enterprise
The ratings are supported by the company’s risk-adjusted
capitalization at the strongest level, as measured by Best’s
Capital Adequacy Ratio (BCAR). Organic capital growth at Repwest
reflects its profitable underwriting results and consistent net
investment income, which has been generated by a portfolio of long
term bonds, equities, mortgages and real estate assets. Repwest’s
growth continues to benefit from the position of U-Haul as a market
leader and continued expansion in the self-storage and self-moving
space. Through various programs, Repwest provides commercial inland
marine products to insure customer goods stored in a U-Haul truck,
trailer, self-storage unit or mobile storage unit.
This press release relates to Credit Ratings that have been
published on AM Best’s website. For all rating information relating
to the release and pertinent disclosures, including details of the
office responsible for issuing each of the individual
ratings referenced in this release, please see AM Best’s
Recent Rating Activity web page. For additional
information regarding the use and limitations of Credit Rating
opinions, please view Guide to Best's Credit Ratings.
For information on the proper use of Best’s Credit Ratings, Best’s
Performance Assessments, Best’s Preliminary Credit Assessments and
AM Best press releases, please view Guide to Proper Use of
Best’s Ratings & Assessments.
AM Best is a global credit rating agency, news publisher and
data analytics provider specializing in the insurance industry.
Headquartered in the United States, the company does business in
over 100 countries with regional offices in London, Amsterdam,
Dubai, Hong Kong, Singapore and Mexico City. For more information,
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