AM Best Upgrades Issuer Credit Rating of National Unity Insurance Company

OLDWICK, N.J.--(BUSINESS WIRE)-- AM Best has upgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bbb+” (Good) from “bbb” (Good) and affirmed the Financial Strength Rating (FSR) of B++ (Good) of National Unity Insurance Company (National Unity) (San Antonio, TX). The outlook of the Long-Term ICR has been revised to stable from positive, while the outlook of the FSR is stable.

The Credit Ratings (ratings) reflect National Unity’s balance sheet strength, which AM Best assesses as strong, as well as its strong operating performance, limited business profile and appropriate enterprise risk management.

The upgrading of the Long-Term ICR reflects the revision of the balance sheet strength assessment to strong from adequate. The continuance of the positive outlook is supported by consistent, sustained improvement in balance sheet metrics since National Unity exited the domestic non-standard auto line of business in 2020, which was the driver of significant volatility in operating results, as well in its risk-adjusted capitalization and surplus positions. The exit from this line of business has stabilized results and surplus appreciation in each of the last five years, as well as material improvement in risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR). Additionally, the company’s net and gross leverage metrics have displayed a favorable trend in consecutive years and outperform the commercial automobile composite average. Furthermore, common stock leverage was reduced to zero, eliminating the exposure to volatility in equity markets. Despite this, National Unity’s investment yield and income have increased and remained consistent thanks to a conservative investment portfolio primarily consisting of bonds. Underwriting and operating cash flows have been positive in each of the prior five years and contribute to overall and current liquidity ratios that exceed the composite averages.

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, visit www.ambest.com.

Copyright © 2026 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

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Justin Aimone
Financial Analyst
+1 908 882 1595
[email protected]

Janet Hernandez
Associate Director
+1 908 882 2484
[email protected]

Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
[email protected]

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
[email protected]

Source: A.M. Best Rating Services, Inc.

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