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A.M. Best Revises Outlook to Stable for Armed Forces Insurance Exchange

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OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best has revised the outlook to stable from negative and affirmed the financial strength rating (FSR) of B++ (Good) and the issuer credit rating (ICR) of “bbb” of Armed Forces Insurance Exchange (AFIE) (Leavenworth, KS). The revised outlook reflects AFIE’s improved operating trends as underwriting results have significantly improved relative to prior periods, continued strong risk-adjusted capitalization, as measured by Best’s Capital Adequacy Ratio (BCAR),

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