{"id":26457,"date":"2026-06-25T19:58:00","date_gmt":"2026-06-25T17:58:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=b1f07372957881b68e4d5fe0244e318c"},"modified":"2026-06-25T19:58:00","modified_gmt":"2026-06-25T17:58:00","slug":"am-best-affirms-credit-ratings-of-united-services-automobile-association-its-subsidiaries-and-usaa-capital-corporation","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=26457","title":{"rendered":"AM Best Affirms Credit Ratings of United Services Automobile Association, Its Subsidiaries and USAA Capital Corporation"},"content":{"rendered":"

OLDWICK, N.J.--(BUSINESS WIRE)--#insurance<\/a>--AM Best <\/b>has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of \u201caaa\u201d (Exceptional) of United Services Automobile Association (USAA) and its property\/casualty (P\/C) and life\/health (L\/H) subsidiaries. Concurrently, AM Best has affirmed the Long-Term ICR and the Long-Term Issue Credit Rating (Long-Term IR) of \u201caaa\u201d (Exceptional) on the medium-term note program and the senior unsecured medium-term notes of USAA Capital Corporation (USAA CAPCO). The outlook of these Credit Ratings (ratings) is stable. In addition, AM Best has affirmed the Short-Term Issue Credit Rating (Short-Term IR) of AMB-1+ (Strongest) on the commercial paper program of USAA CAPCO. All companies are domiciled in San Antonio, TX, unless otherwise specified. (See below for a detailed listing of the companies and ratings.)<\/p><\/a><\/a>

\nThe ratings of USAA and its P\/C affiliates, together referred to as USAA Group, reflect its balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, very favorable business profile and appropriate enterprise risk management (ERM). The ratings also reflect the historical contribution that the P\/C group has made to the USAA organization, positioning it as strategically integral.<\/p>

\nUSAA provides a diverse portfolio of products through its P\/C and L\/H insurers, as well as other financial services through USAA Federal Savings Bank (USAA Bank). Focused on the support of its 14.3 million members, USAA Group ranks in the top 10 writers of personal lines products in the United States, based on premiums written, including for private passenger auto and homeowners insurance.<\/p>

\nUSAA Group has reported improved operating performance in recent years, supported by rate increases and other actions taken in underwriting and claims to manage volatility. In 2025, the group\u2019s results benefited from lower net catastrophe losses and favorable non-catastrophe loss trends in the personal auto and homeowners lines of business. USAA Group continues to implement underwriting initiatives to combat higher claims severity in these lines. Additionally, the organization\u2019s focus on technology and direct-to-consumer marketing has resulted in expense ratios well below AM Best\u2019s personal lines composite average. The strength of USAA Group is further supported through diversified product offerings and brand reputation, which contribute to very high level of membership retention. USAA Group\u2019s risk-adjusted capitalization is assessed at the strongest level, as measured by Best\u2019s Capital Adequacy Ratio (BCAR), and supported by a conservative investment portfolio.<\/p>

\nAs of Dec. 31, 2025, USAA\u2019s unadjusted debt-to-total capital ratio (excluding accumulated other comprehensive loss) measured 16.8% including Federal Home Loan Bank borrowings, as calculated by AM Best. Interest coverage improved in 2025, and is considered strong. USAA maintains a relatively conservative investment portfolio, which is highly diversified. Furthermore, the organization maintains favorable financial flexibility through access to Federal Home Loan Bank borrowings at the Bank, P\/C and L\/H insurance companies, and a medium-term notes program and commercial paper program held at USAA CAPCO.<\/p>

\nThe ratings of USAA Life Insurance Company and its subsidiary, USAA Life Insurance Company of New York (Highland Falls, NY), together referred to as USAA Life Group, reflect its balance sheet strength, which AM Best assesses as very strong, as well as its strong operating performance, favorable business profile and appropriate ERM. The ratings also reflect USAA Life Group\u2019s strategic role within the USAA organization, offering individual life, annuities, and accident and health products to USAA\u2019s members and the broader marketplace as well. The life group has sustained a long-term trend in direct premium growth, with continued profitability supporting capitalization. In addition, there is ongoing capital support from the parent company, with $300 million contributed from it in 2025, to support future growth.<\/p>

\nThe FSR of A++ (Superior) and the Long-Term ICRs of \u201caaa\u201d (Exceptional) have been affirmed with stable outlooks for United Services Automobile Association and its following P\/C and L\/H subsidiaries:<\/p>