April 19, 2023
AM Best reaffirms SFM’s Financial Strength Rating of A- (Excellent)
SFM Mutual Insurance Co. announced that its Financial Strength Rating of “A- (Excellent)” and Long-Term Issuer Credit Rating of “a-” have been reaffirmed by AM Best Rating Services, Inc.
This announcement comes as a result of AM Best’s thorough analysis of SFM’s balance sheet strength, in addition to its operating performance, business profile, innovation and enterprise risk management. Prior to publicly disclosing this affirmation, AM Best conducted a detailed review of SFM’s finances and operations.
“In our annual review with AM Best, we were pleased to demonstrate how our commitment to service delivers excellent results,” said SFM President and CEO Terry Miller. “We consider their assessment to be an important indicator of SFM’s long-term financial strength and stability.”
About AM Best
AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit ambest.com .
