AM Best Affirms Credit Ratings of Odyssey Group Holdings, Inc.’s Subsidiaries
AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICRs) of “aa-” (Superior) of the subsidiaries of Odyssey Group Holdings, Inc. (Odyssey Group). The outlook of these Credit Ratings (ratings) is stable. (Please see below for a detailed listing of the companies.)
The ratings reflect Odyssey Group’s balance sheet strength, which AM Best assesses as strongest, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
The ratings affirmations reflect the continuation of Odyssey Group’s sound operating returns in the current market softening cycle. Odyssey Group’s long track record of prior-year net favorable reserve development remains a testament to the conservative approach adopted in its reserve practices. Premium growth has moderated significantly in the past several years; however, it has not prevented Odyssey Group’s ability to grow its equity, which also has been supported by robust investment income, despite heightened dividends paid in the period.
While the group suffered California wildfire losses in the first quarter of 2025, it still delivered strong underwriting results and overall operating performance for the full year. Odyssey Group recorded favorable results in the first quarter of 2026 and barring increased natural catastrophe events in the second half of the year, AM Best believes that Odyssey Group is well positioned to generate another year of solid profitability.
