We are excited to announced that AM Best has affirmed our Financial Strength Rating of A+ (Superior), which was upgraded in 2018. Rural Mutual is one of only five single state insurers in the U.S. to receive an A+ rating.
“I want to congratulate all employees, agents and Board of Directors for this outstanding accomplishment. A small percentage of US Property & Casualty insurance companies are awarded an A+ (Superior) rating…and only a handful of these companies are single state writers, like Rural,” said Dan Merk, Rural Mutual CEO.
Why is an A+ Rating a big deal for Rural Mutual?
The A+ rating is rarely awarded to single state insurers because these companies can face significant challenges like severe weather-related events or judicial, regulatory, and economic concerns that can’t be offset by better conditions in other regions.
“It’s something we should not take for granted. The efforts of each and every team member, on a day to day basis, is what makes this possible!”
Over the past 14 years, Rural Mutual has climbed from a B++ rating to an A+ rating. This is the quickest rise by any property & casualty insurance company that was not the result of an acquisition or reinsurance arrangement with a highly rated parent company, according to Aon/Benfield.
What does this mean for our policy holders?
Bottom line: We are there when our clients need us! This A.M Best affirmation and our continued recognition with the Ward’s 50 selection, reinforces our promise to protect and help our policyholders rebuild following times of unintended financial loss. With our best in class, competitive products and financial strength, policy holders can be confident in our ability to be a trusted leader in the insurance industry.
We are proud to provide protection exclusively to Wisconsin families, businesses, and farms. Partners, Clients and Employees- thank you for your continued support!