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A.M. Best on June 8 upgraded State Farm General Insurance Co.'s financial strength rating to A from A- and issuer credit rating to "a" from "a-."
The rating agency revised the outlook for both ratings to stable from positive.
The rating upgrades for State Farm General are based on its "strong risk-adjusted capitalization, favorable earnings trend, excellent business profile and the company's strategic importance" to its parent, State Farm Mutual Automobile Insurance Co.
A.M. Best...