A.M. Best Affirms Ratings of Infinity Property & Casualty Group

A.M. Best Co. has affirmed the financial strength rating (FSR) of A (Excellent) and the issuer credit ratings (ICR) of "a" of Infinity Property & Casualty Group (Infinity P/C) (Birmingham, AL) and its operating insurance subsidiaries.

In addition, A.M. Best has affirmed the debt rating and the ICR of "bbb" of Infinity Property & Casualty Corporation's (IPCC) (NASDAQ: IPCC - News; Birmingham, AL) $200 million 5.50% senior unsecured notes due 2014. All ratings have a stable outlook.

The affirmation of the FSR reflects Infinity P/C's excellent capitalization, strong non-standard automobile market presence and favorable overall operating performance. Infinity P/C ranks among the leading non-standard automobile writers in the United States. Business is heavily focused in California and Florida, which generates approximately two-thirds of direct business written.

Source: A.M. Best Company (www.ambest.com)

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