AM Best Affirms National Guaranty Insurance Company of Vermont Ratings With Stable Outlook

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Summary · why it matters

AM Best has affirmed the Financial Strength Rating of A and the Long-Term Issuer Credit Rating of "a" for National Guaranty Insurance Company of Vermont, with a stable outlook. The ratings reflect the captive insurer's very strong balance sheet, very strong operating performance, limited business profile, and appropriate enterprise risk management. National Guaranty Insurance Company of Vermont serves as the captive insurance company of Waste Management, Inc., one of North America's leading waste management environmental services providers, and benefits from its parent's robust risk management strategies. The company has remained consistently profitable over the last decade, with combined ratios that have outperformed the industry and its peers by wide margins, and AM Best expects favorable operating results to continue prospectively.

Impact on stocks 1

Climate Adaptation & Water · 1 stocks
Waste Management Inc
WM
▲ PositiveCapitalrelevance

AM Best affirms strong ratings and stable outlook for its captive insurer, reflecting parent's robust risk management and consistent profitability.

Off-coverage companies 1

National Guaranty Insurance Company of VermontPrivate▲ Positive
Capitalrelevance

AM Best affirms A rating and stable outlook, citing very strong balance sheet, operating performance, and enterprise risk management.