“Standard & Poor’s has affirmed its Insurer Financial Strength Ratings of AAA (Extremely Strong, highest of 21 possible ratings) on United Services Automobile Association and its Property & Casualty Companies (USAA P&C Group) and Life Insurance Companies. USAA is one of a small, elite group of companies to retain the highest ratings from one of the world’s largest and well-respected rating agencies.”

The affirmed Standard & Poor’s AAA rating is recognition of USAA P&C Group’s high capitalization and financial strength, which is built on profitability, steady recent increases in net worth (more than doubled since 2000), minimal debt, and access to strong liquidity sources.

“We work very hard to keep a strong balance sheet and to meet our financial commitments to our members, and we’re gratified that Standard & Poor’s continues to recognize us for our performance, especially in today’s rugged financial environment,” said Kristi Matus, USAA’s chief financial officer. “For 86 years, through good times and bad, we’ve never wavered from that commitment. We’re extremely proud of that track record and remain squarely focused on doing all that we can to facilitate the financial security of our members and their families.”

According to Standard & Poor’s, USAA P&C Group has a conservative investment strategy and better-than-industry-average liquidity and operating results; additionally, Standard and Poor’s noted that overall USAA has demonstrated an excellent enterprise risk management framework, which is embedded into its corporate culture.

Standard and Poor’s also commented on USAA’s Life Insurance Companies, noting its industry-leading persistency, which reflects its superior customer service and military affinity, conservative investment portfolio, and strong earnings.