AM Best Reaffirms ‘A’ (Excellent) Financial Strength Rating

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Preferred Mutual has held the ‘A’ rating for 21 consecutive years.

Preferred Mutual Insurance Company’s (“Preferred Mutual”) current Financial Strength Rating (FSR) has been reaffirmed by AM Best as ‘A’ (Excellent) with a ‘Stable’ outlook. The Long-Term Issuer Credit Rating (ICR) has been reaffirmed as ‘a+’ (Excellent), and the outlook for the ICR remains ‘Stable.’  Preferred Mutual has held the ‘A’ rating for 21 consecutive years.

The Ratings reflect our company’s balance sheet strength, which AM Best continues to assess as ‘strongest’ as well as our ‘adequate’ operating performance which is supported by solid underwriting results and consistent investment earnings derived from multiple years of stable pure loss ratio trends. 

Preferred Mutual continues to maintain a ‘neutral’ business profile driven largely by our regional niche market role with broad product offering along with ‘appropriate’ enterprise risk management. ‘Excellent’ ratings are given to insurance companies who not only have excellent financial stability, but also are able to meet the contractual needs of their policyholders.

AM Best (, founded in 1899, is the world’s oldest and most authoritative insurance rating and information source. This press release relates to Credit Ratings that have been published on AM Best’s website.

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