PROS Procentury Corp (MM)

A.M. Best Co. has affirmed the financial strength rating of A- (Excellent) and the issuer credit ratings (ICR) of �a-� of Century Insurance Group (Century) (Westerville, OH) and its members. A.M. Best has also affirmed the ICR of �bbb-� of Century�s publicly-traded ultimate parent company, ProCentury Corporation (ProCentury) (Ohio) [NASDAQ: PROS]. The outlook for the ratings is stable. The ratings for Century reflect its improved operating profitability, adequate capitalization and the financial flexibility provided by ProCentury. Underwriting results continue to improve, reflecting Century�s focus on growing its core book of diversified small to medium-sized surplus lines business. These positive rating factors are partially offset by the group�s elevated underwriting leverage, marginal five-year average operating returns and challenges associated with the ongoing emergence of construction defect claims. However, the most recent reserve development has shown signs of improvement. Century is a niche insurance organization focused on offering specialty insurance products designed to meet the specific insurance needs of targeted insurance groups. The insureds are comprised of small to medium-sized surplus lines businesses. Century�s efforts are concentrated on those businesses it considers underserved by the standard market. The FSR of A- (Excellent) and ICRs of �a-� have been affirmed for Century Insurance Group and its following members: Century Surety Company ProCentury Insurance Company The ICR of �bbb-� has been affirmed for ProCentury Corporation. For Best�s Ratings, an overview of the rating process and rating methodologies, please visit www.ambest.com/ratings. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors. For more information, visit www.ambest.com.