OneBeacon Insurance Group (OB)

Ratings

        Insurance companies are evaluated by various rating agencies in order to measure each company's financial strength. Higher ratings generally indicate financial stability and a stronger ability to pay claims. We believe that strong ratings are an important factor in the marketing of insurance products to agents and consumers. These financial strength ratings do not refer to our ability to meet non-insurance obligations and are not a recommendation to purchase or discontinue any policy or contract issued by us or to buy, hold, or sell our securities.

        The following table presents the financial strength ratings assigned to our principal insurance operating subsidiaries.

(1)

"A" is the third highest of fifteen financial strength ratings.

(2)

"A" is the sixth highest of twenty-one financial strength ratings.

(3)

"A2" is the sixth highest of twenty-one financial strength ratings.

(4)

"A" is the sixth highest of twenty-one financial strength ratings.

Ratings

        Insurance companies are evaluated by various rating agencies in order to measure each company's financial strength. Higher ratings generally indicate financial
stability and a stronger ability to pay claims. We believe that strong ratings are an important factor in the marketing of insurance products to agents and consumers. These financial strength ratings
do not refer to our ability to meet non-insurance obligations and are not a recommendation to purchase or discontinue any policy or contract issued by us or to buy, hold, or sell our
securities.

        The
following table presents the financial strength ratings assigned to our principal insurance operating subsidiaries.

(1)

"A"
is the third highest of fifteen financial strength ratings.

(2)

"A"
is the sixth highest of twenty-one financial strength ratings.

(3)

"A2"
is the sixth highest of twenty-one financial strength ratings.

(4)

"A"
is the sixth highest of twenty-one financial strength ratings.

Ratings

Insurance companies are evaluated by various rating agencies in order to measure each company’s financial strength. Higher ratings generally indicate financial stability and a stronger ability to pay claims. OneBeacon currently has an “A” rating with a stable outlook from A.M. Best (“Excellent”, the third highest of 15 ratings), “A” rating with a stable outlook from Standard & Poor’s (“Strong”, the sixth highest of 21 ratings), “A2” rating with a stable outlook by Moody’s (“Good”, the sixth highest of 21 ratings), and

27

“A” rating with a stable outlook by Fitch (“Strong”, the sixth highest of 24 ratings). The Company believes that strong ratings are an important factor in the marketing of insurance products to agents and consumers. These financial strength ratings do not refer to its ability to meet non-insurance obligations and are not a recommendation to purchase or discontinue any policy or contract issued by the Company or to buy, hold, or sell its securities.