OLDWICK, N.J.–(BUSINESS WIRE)–A.M. Best has affirmed the Financial Strength Ratings (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of Protective Insurance Company (PIC) and its wholly owned subsidiary, Sagamore Insurance Company (Sagamore). These companies are collectively referred to as the Baldwin & Lyons Group or the group. In addition, A.M. Best has affirmed the FSR of A (Excellent) and the Long-Term ICR of “a” of PIC’s other wholly owned subsi