Home > Policyholder News > A.M. Best Rating
We are pleased to announce that the A.M. Best Company has again assigned us an A- (Excellent) rating with a “Stable Outlook” for the future.
The A.M. Best rating was based on 2008 financials and cited MAG Mutual’s capitalization, operating profitability and favorable loss reserve development. The A.M. Best company is a leading insurance rating organization whose ratings are recognized worldwide as a benchmark for assessing insurers’ financial strength. The A- (Excellent) rating is assigned only to select companies that have an excellent ability to meet their ongoing obligations to policyholders.
Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors. For more information, visit www.ambest.com .
