AM Best Upgrades California Casualty Group’s Financial Strength Rating
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David Perry / news@davidperry.com / (415) 676-7007
AM Best Upgrades California Casualty Group’s Financial Strength Rating
B+ Financial Strength Rating and stable outlook reflects a strengthened capital position, improved operating results and stronger risk management
17 August 2026 – San Mateo, CA: California Casualty Group today welcomed AM Best’s upgrade of the Financial Strength Rating for its group members to B+ (Good) from B (Fair). AM Best also upgraded the companies’ Long-Term Issuer Credit Ratings to “bbb-” (Good) from “bb+” (Fair). The outlook for all ratings is stable.
AM Best said the upgrades reflect California Casualty’s balance sheet strength , which AM Best assesses as strong, as well as a significant improvement in California Casualty’s overall risk management process, demonstrated by improved operating results and capital position over the past two years.
“This is good news for California Casualty and for the community heroes who depend on us,” said Mark Pitchford, Chief Operating Officer of California Casualty Group. “AM Best’s upgrade recognizes the disciplined work our team has done to strengthen our financial position, sharpen our risk management practices and build a more sustainable company. We remain focused on delivering dependable protection and exceptional service to educators, public safety professionals, healthcare workers and the families we are privileged to serve.”
In addition to receiving the Financial Strength Rating upgrade from AM Best, California Casualty continues to maintain its Demotech A (Exceptional) Financial Stability Rating, highlighting that multipleindependent rating agencies recognize the company’s improved financial strength and commitment to serving policyholders.
Looking Ahead:
The stable outlook reflects AM Best’s expectation that California Casualty will maintain its strong balance sheet strength assessment, supported by stable risk-adjusted capitalization. AM Best also expects the company’s strategic initiatives and enterprise risk management practices to support continued improvement in operating performance and organic surplus growth.
About California Casualty:
California Casualty Auto and Home Insurance is designed for community heroes and their families. In business since 1914, California Casualty is the endorsed auto and home insurance partner to education, higher education, public safety, and healthcare member/employee groups across seven western states. Since its founding, California Casualty has been led by four generations of Brown family members. Their dedication to California Casualty’s excellence is woven through the entire fabric of the organization. California Casualty knows what it takes to deliver the value and peace of mind its customers deserve. Learn more at www.CalCas.com.
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