Affirmed “A” Rating from A.M. Best
"A" rating is given to insurance companies who have excellent financial stability.
Preferred Mutual Insurance Company’s financial strength rating was affirmed by A.M. Best as ‘A’ (Excellent) with a stable outlook, effective April 2014. This rating is given to insurance companies who have excellent financial stability and are capable of meeting the contractual needs of their policyholders.
A.M. Best is a global credit-rating organization serving the insurance industry. Its independent ratings are based on a thorough analysis of a company’s balance sheet strength, operating performance, and business profile.
As stated by A.M. Best, “the ratings and outlooks reflect Preferred Mutual’s solid risk-adjusted capitalization, generally favorable operating performance, and well-established regional market presence. The ratings also consider Preferred Mutual’s strong agency relationships, its advanced use of technology, and solid risk management culture.”
Preferred Mutual Insurance Company provides property and casualty insurance coverage to more than 235,000 individual and business customers through a network of more than 450 independent agents throughout New York, New Jersey, Massachusetts and New Hampshire. The mutual insurance company, in business since 1896, employs more than 260 employees and is headquartered in New Berlin, New York. The company is rated “A” (Excellent) by A.M. Best.