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Frequently Asked Questions: Best's Executive Summary Report (Financial Overview): Composite Reports
What is a Best's Executive Summary Report?
What information does each report provide?
How is the data for Best's Executive Summary Reports collected and validated?
How do I access and purchase these reports?
How long do I have access to the report online? Can I download it?
Do I have to make an individual payment for each Best's Executive Summary Report that I purchase?
Is there a way that I can access multiple Best's Executive Summary Reports without being required to purchase each report individually?
Are there restrictions on what I can do with a Best's Executive Summary Report that I have purchased?
What's the difference between an AMB Credit Report and a Best's Executive Summary Report?
What is Best's Online Account?
What is a Best's Executive Summary Report?
Best's Executive Summary Reports are online reports that present information regarding specific aspects of insurance company operations, in table or graph format for ease of use. There are three report options:
Single Company - Five years of financial data on one company you select
Comparison - A side-by-side comparison of a company with a peer group of up to five other companies you select
Composite - A peer group comparison of a company against the average and total composite of other companies you select
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What information does each report provide?
All three report types present five years of the following information for a single company, alone or in comparison to specific companies or a peer group of companies:
Best's Ratings and Financial Size Category designations
Statutory data for pretax operating income, net income, total admitted assets and surplus
Direct premiums written by top states or lines of business
Liquidity Analysis, Profitability Analysis, Balance Sheet totals, Income Statement, Capitalization Analysis, Ceded Reinsurance Analysis, Bond Portfolio Composition, and Loss Reserve Analysis
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How is the data for Best's Executive Summary Reports collected and validated?
A.M. Best collects annual and quarterly statement data from thousands of companies (property/casualty, life and health companies; HMOs; alternative-market entities and others). The data is prepared and submitted on software programs (such as BestESP Services) as defined by the requirements of the National Association of Insurance Commissioners (NAIC).
To ensure the accuracy and reliability of the data, we perform an exhaustive series of inter- and intra-page and current- to prior-year crosschecks. Major errors or inconsistencies that cannot be rectified by A.M. Best are reviewed with the insurer for further clarification. We lead the industry in cross-checking calculations, devoting vast resources to the data validation effort.
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How do I access and purchase these reports?
Visit www.ambest.com/ratings, and type the name of the company you are looking for into the search box at the top. Find the company on the list of results that appears, and click on the name. Select the type of Best's Executive Summary Report you need from the list of report options that appears.
To pay for the report, use your Best's Online Account or a credit card. If you prefer not to complete your transaction online, you can purchase your report by contacting our Customer Service Department at (908) 439-2200, ext. 5742.
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How long do I have access to the report online? Can I download it?
You can access the report online for 14 days from the time of purchase. During that time you can download your report for storage on a local computer or print it directly from the Web. You can also export the information into your choice of formats, including Microsoft® Word, Microsoft Excel, or Adobe® Portable Document Format (PDF).
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Do I have to make an individual payment for each Best's Executive Summary Report that I purchase?
Yes. Organizations with a Best's Online Account can have individual payments deducted automatically every time one of their registered users accesses these reports. Administrators can always check their organization's balance, and users can access reports when needed without making separate payment.
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Is there a way that I can access multiple Best's Executive Summary Reports without being required to purchase each report individually?
Yes. Registered subscribers to Best's Statement File - Property/Casualty or Life/Health - US products have access to the Best's Executive Summary Report for any company that is contained in the purchased edition. For example, someone who has purchased Best's Statement File - Property/Casualty - US would have Internet access to the Best's Executive Summary Report for any property/casualty company that is contained in their licensed edition.
To inquire about upgrading to a Best's Statement File product, contact Corporate Sales at (908) 439-2200, ext. 5311.
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Are there restrictions on what I can do with a Best's Executive Summary Report that I have purchased?
Yes. The report is for the individual personal use of the purchaser. It can't be e-mailed, photocopied, reprinted or broadcast without the express written permission of the A.M. Best Company. If the accompanying data is downloaded, that information can be stored in a local file for the purchaser's use only and can't become part of a shared database or online information system, or be republished in any other form than as a report generated by the person who purchased the original report. A.M. Best holds copyright to this information, and purchasers must review and approve a brief document that outlines the uses and limitations of this report and its data. If your organization needs larger-scale access to this type of information, please call our Corporate Sales Department at (908) 439-2200, ext. 5311, to discuss our networked financial products.
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What's the difference between an AMB Credit Report and a Best's Executive Summary Report?
AMB Credit Reports feature qualitative information (analyst's commentary and extensive text descriptions) along with an organization's current Best's Rating, selected quantitative data and key performance indicators. Data published in AMB Credit Reports cannot be exported separately for further analysis.
Best's Executive Summary Reports focus on in-depth quantitative data drawn directly from insurers' regulatory statement filings. Data from these reports can be imported into several formats that are useful for individual analysis.
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What is Best's Online Account?
Best's Online Account allows permissioned users to access products without the need to complete a payment for each transaction. Best's Online Account is the quickest and easiest way to access many of A.M. Best's most popular online products and features. Products include AMB Credit Reports, Best's Statistical Studies, Best's Special Reports, Best's Executive Summary Reports, BestWeek online, Best's Market Share Reports, all Premium Data & Reports online products and individual news articles. For more information, go to www.ambest.com/sales/onlineaccount.
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