A.M. Best Co. has affirmed the public data rating of Dominion of Canada General Insurance Company as of A-pd. The rating reflects Dominion’s excellent level of capitalization, consistent operating results and strong market position, says the rating firm.

“Despite recently poor market conditions, underwriting losses have been offset by strong investment returns. Returns have outperformed the industry and have allowed for significant growth in surplus levels. Offsetting these positive factors is Dominion’s reliance on capital gains and concentration in the Ontario auto market.”

A “pd” rating is an A.M. Best opinion-rating of the long-term financial strength of an insurer or reinsurer. The rating is expressed using the same rating scale and definitions as an A.M. Best interactive rating of long-term financial strength, but a pd rating modifier has been added to ensure the user is aware of the more limited information basis for the rating. The pd rating does not reflect the detailed interviews of senior management and access to non-public data which plays a significant role in the interactive rating analysis.