The source records appear to describe separate AM Best actions: Global Indemnity's ratings were affirmed with stable outlooks, while Investors Heritage Life's Long-Term ICR outlook was revised to negative and its ratings were affirmed.
The two source records do not describe the same company or rating action. One says AM Best affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Ratings of "a" (Excellent) for the U.S. operating subsidiaries of Global Indemnity Group, LLC, affirmed the parent company's Long-Term ICR of "bbb" (Good), and maintained stable outlooks. The other says AM Best revised the outlook on Investors Heritage Life Insurance Company's Long-Term ICR to negative from stable while affirming its Financial Strength Rating of B++ (Good) and Long-Term ICR of "bbb+" (Good). AM Best said Global Indemnity's ratings reflect strongest-level risk-adjusted capitalization under BCAR, adequate operating performance, a neutral business profile and appropriate enterprise risk management, while Investors Heritage Life's negative outlook reflects a decline in BCAR to adequate from strong, higher non-equity security and interest rate risks, and greater private credit exposure despite improving 2025 and early 2026 earnings.