A.M. Best Affirms Rating of ‘A+ (Superior)’ for Western National Insurance Group
Targeted News Service (Press Releases)
MINNEAPOLIS, Minnesota, May 29 -- Western National Insurance Group, a property and casualty insurance company, issued the following news release:
Western National Insurance Group today announced that A.M. Best Company has affirmed the Group's "A+ (Superior)" financial strength rating, effective immediately. According to A.M. Best, the rating affirmation reflects the Group's "excellent level of risk-adjusted capitalization, strong operating performance for an extended period, and its sound business profile."
The rating applies to Western National Mutual Insurance Company and the following wholly owned subsidiaries: Western National Assurance Company, Umialik Insurance Company, Pioneer Specialty Insurance Company, Western Home Insurance Company, Arizona Automobile Insurance Company, American Freedom Insurance Company, and Nevada General Insurance Company. The Group's affiliate, Michigan Millers Mutual Insurance Company, was affirmed at its "A- (Excellent)" financial strength rating. The outlook for all Western National Insurance Group ratings (including Michigan Millers Mutual Insurance Company) is "stable."
"We're pleased to have our long-term, consistent performance recognized by A.M. Best," said Stuart Henderson, President and Chief Executive Officer. "Our Group's A+ rating affirmation reflects the hard work of our employees and agency partners and our commitment to a solid business strategy. We look forward to building on these positive results in 2018 and beyond for the continued financial protection of our policyholders."
Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the insurance industry. The company is the world's oldest and most authoritative insurance rating and information source.
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