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A.M. Best Assigns Issue Credit Rating to Erie Family Life Insurance Company's Private Surplus Notes

Mar 01, 2017 - Business Wire

A.M. Best has assigned a Long-Term Issue Credit Rating of "bbb+" to the $20 million 6.26% surplus notes due Dec. 31, 2025, issued by Erie Family Life Insurance Company (EFL) (Erie, PA) on Dec. 30, 2005 to Erie Insurance Exchange. The outlook assigned to the Credit Rating is stable.

The surplus notes offering is a private offering and is not subject to a shelf registration statement filed with the Securities and Exchange Commission. A.M. Best notes EFL's pro forma financial leverage on a st...