A.M. Best Co. has assigned a debt rating of “bbb-” to the $250 million, 6.00% unsecured senior notes due November 30, 2015 of Unitrin, Inc. (Unitrin) (Chicago, IL) [NYSE: UTR]. The proceeds from the notes will be used to repay borrowings under Unitrin’s credit facility, make a capital contribution to a subsidiary life insurance company, and for working capital and other general corporate purposes. Financial leverage ratios are within A.M. Best’s guidelines for the current rating. Pro forma debt-to-capital ratio after repayment of the credit facility was 21.8%, and pro forma debt-to-tangible capital was 24.5% at September 30, 2010.

The principal methodology used in determining these ratings is Best’s Credit Rating Methodology -- Global Life and Non-Life Insurance Edition, which provides a comprehensive explanation of A.M. Best’s rating process and highlights the different rating criteria employed. Additional key criteria utilized include “A.M. Best’s Ratings & the Treatment of Debt.” Methodologies can be found at www.ambest.com/ratings/methodology.

Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. For more information, visit www.ambest.com.

Copyright © 2010 by A.M. Best Company, Inc. ALL RIGHTS RESERVED.

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