Since the rating agency's role is to inform policyholders about the ability of companies to pay claims, both short-term and long-term, it's important to our business that we consistently be an "A" rated company. The major rating agencies are A.M. Best, Moody's and Standard & Poor's, each with its own coding system. And in each case, our ratings are among the highest ranking levels.
Allianz SE of Munich, Germany acquired Fireman's Fund Insurance Company in 1991. Allianz is the world's largest provider of property and casualty insurance based on market capitalization and total revenues as of August 1, 2008. As of December 31, 2007, Fireman's Fund had statutory assets of $11.8 billion, with $2.9 billion in policyholder statutory surplus. Since our acquisition by Allianz in 1991, Fireman's Fund Insurance Company's gross written premiums have grown from just over $3 billion in 1992 to $5.9 billion in 2007.
Fireman's Fund Insurance Company files statutory accounting information on our financial performance each year in the states where we offer insurance. This same information is available to agents, customers and members of the public.
For a copy of the most recently released calendar-year consolidated results, please send an email request to donna.uboldi@ffic.com.
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