May 6, 2024
SFM’s Financial Strength Rating of A- (Excellent) reaffirmed by AM Best
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.
AM Best issued this rating based on several factors, including its assessment of SFM’s balance sheet strength, as well as its operating performance, business profile, innovation and enterprise risk management. Before publicly disclosing this affirmation, AM Best conducted a thorough analysis of SFM’s finances and operations.
“Our annual review with AM Best gives us the opportunity to share our company’s story, and commitment to customer service, with experts from the global authority in credit ratings for the insurance industry,” said SFM President and CEO Terry Miller. “We view this annual rating as 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 U.S., the company does business in more than 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com .
