A.M. Best Revises Issuer Credit Rating Outlook to Positive for Members of Builders Mutual Insurance Group
The ratings reflect Builders Mutual’s balance sheet strength, which
The positive outlook reflects a trend of favorable underwriting performance that has consistently outperformed the composite on a five- and 10-year basis. Favorable results are attributable to the company’s ability to obtain and maintain preferred business, which is augmented by its solid reputation in key markets, leading to more profitable loss experience.
Positive rating pressures may materialize if continued strength in operating earnings and the resulting return on revenue measures are sustained and remain in excess of peers. Negative rating pressures could occur if there is a sustained weakening of operating performance relative to peers that results in a material impact on the capital strength of the company.
This press release relates to Credit Ratings that have been published on A.M. Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see A.M. Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and
Copyright © 2018 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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