Remember back in grade school when you worked really, really hard on your summer book report because you wanted it to be perfect? And how dang good it felt when Mrs. Lee handed it back to you with a great big A+ and a shiny gold star at the top?

Well, that’s kind of how we feel right now.

A.M. Best, a trusted industry rating organization, recently upgraded Esurance’s financial strength rating from A- (Excellent) to A+ (Superior). And though we’re not in grade school anymore, and our finance report is a smidge more complex than, say, a book report on Moby Dick, we’re still pretty excited about our shiny gold star.

Why? Because this means that we just became an even more reliable company.

A.M. Best ratings (in a nutshell)

Founded in 1899, A.M. Best Company, Inc., is a privately held rating agency that’s recognized by the United States Securities and Exchange Commission (aka the SEC). The SEC, as you may or may not know, was established following the Great Depression to ensure — among other things — that corporations play fair. A.M. Best’s Financial Strength Rating (FSR) is an assessment of an insurer’s ability to meet its obligations to policyholders (like paying claims, for example).

Put simply, our A.M. Best financial rating means we’ve got some serious financial muscle. This, in turn, means that our customers can count on us to be there when they need us most.

Esurance’s financial strength

Our upgrade from A- to A+ has a lot to do with becoming part of the Allstate family. Of course, we’ll continue to operate as our own company — but now with the added benefit of being backed by a mainstay of the insurance industry. In business terms, the A.M. Best ranking indicates “positive implications” and “a stable outlook” for Esurance.

In human terms, it means we can continue to offer our customers the peace of mind they expect and need.

Why it matters to you

Car insurance is much more than just collecting premiums and sending customers insurance ID cards. At its core, car insurance is about offering financial security.

It’s about taking accident reports, paying claims, filing paperwork, and being there for our customers. And though we took pride in our previous financial strength rating of “Excellent,” we couldn’t be more pleased to get the upgrade to “Superior.”

It’s a shiny gold star that bodes well for our future, and most importantly, for our customers.

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about Heidi

Heidi brings 11 years’ experience to her role as Esurance’s copywriting manager. Writer, editor, and all around wordsy, she was content when content wasn’t cool. Also, she likes old-school country.