A.M. Best Company Rating of Celtic Insurance

When purchasing health insurance, the financial stability of the insurance company is a valid concern. Consumers rely primarily on state insurance regulators, the company's financial reports, third party rating services like A.M. Best Company and reports from industry sources like the National Association of Insurance Commissioners (NAIC). This report summarizes the A.M. Best report on Celtic Insurance Company for 2010.

Celtic Insurance Company reports "The A.M. Best Company – the leading provider of insurer ratings of a company’s strength and ability to meet its obligations to policyholders – has given Celtic a "B++" (Good) rating. For more than 20 years, Celtic has consistently demonstrated profitable operating results, high-quality investment portfolio and favorable capital position. Celtic holds no junk bonds, real estate or direct mortgage loans and maintains no outstanding debt".

A.M. Best Company assigns insurance companies one of 15 possible ratings ranging from A++ (highest rating) to S (Suspended) for financial condition. The top five rating classes are defined as financially secure. The following chart further describes the rating scale:

A short excerpt of the A.M. Best report about Celtic Insurance Company is reproduced below:

Celtic Insurance Company
(a member of Centene Group)    A.M. Best #: 006999/b>     NAIC #: 80799     FFEIN #:  060641618				This rating is assigned to companies that have, in our opinion, a good ability to meet their ongoing obligations to policyholders.