BUCYRUS – Insurance rating organization A.M. Best has issued its annual rating of Ohio Mutual’s financial strength, reaffirming its issuer credit rating (ICR) of “A+”, as well as the company’s financial strength rating (FSR) of “A” (Excellent) for the 27th consecutive year.
The ratings include the three companies that represent Ohio Mutual’s intercompany pool: Ohio-domiciled Ohio Mutual Insurance Company, its wholly owned subsidiary United Ohio Insurance Company, and Maine-domiciled Casco Indemnity Company.
In its rating rationale, A.M. Best offered its most positive analysis of Ohio Mutual’s balance sheet and favorable operating performance, citing Ohio Mutual’s “strongest level of riskadjusted capitalization and strong operating performance.”
“We are pleased to continue to receive such positive ratings from A.M. Best,” said Ohio Mutual President & CEO Mark C. Russell. “Maintaining this level of financial strength and operating performance reflects the continuous improvement and collective effort put forth by our agent partners, business partners, and associates – for the benefit of our policyholders.”
Founded in 1899, A.M. Best Company is the world's oldest and most authoritative insurance rating and information source. More information is available at www.ambest.com.
Ohio Mutual Insurance Group, founded in 1901 and based in Bucyrus, partners with nearly 400 independent agencies to distribute quality property and casualty insurance products throughout Connecticut, Indiana, Maine, New Hampshire, Ohio, Rhode Island, and Vermont. Ohio Mutual has maintained a rating of “A / Stable” from A.M. Best Co. for 27 consecutive years, and has been named to the Ward’s 50® six times since 2009.
Additional company information is available at www.omig.com.